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China Jan-Feb Industrial Output Growth Slows: Up 5.4% On Year
Growth of China's Industrial production slowed further in the first two months of 2016 amid Beijing's effort to reduce excess production capacity in the sector. Value-added industrial output in China rose 5.4% in the January-February period from a year earlier, slowing from 5.9% growth in December, data from the National Bureau of Statistics showed on Saturday. Industrial production, a rough proxy for economic growth, undershot a median 5.6% growth forecast by 17 economists polled by The Wall Street Journal. Fixed-asset investment in non-rural areas of China climbed 10.2% from a year ago in the first two ... (full story)
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