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China industrial output up 8.8% in May

LiveMint logoLiveMint 13-06-2014 AFP

Beijing: China’s industrial output rose 8.8% year-on-year in May, official data showed on Friday, up from 8.7% a month earlier in a sign of renewed strength in the world’s second-largest economy.

Retail sales, a key gauge of consumer spending, increased 12.5% last month from a year ago, the National Bureau of Statistics said, up from a gain of 11.9% in April.

Fixed-asset investment, a main measure of government spending on infrastructure projects, rose by 17.2% year-on-year in the January-May period, slowing from a 17.3% rise in the first four months of the year.

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