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Chinese economic activity data signals optimism after stimulus measures

Retail sales and industrial production beat August forecasts but home prices continue to slide

China’s retail sales and industrial production grew faster than expected in August, official data showed on Friday, in a rare boost after policymakers stepped up stimulus measures to support the world’s second-biggest economy.

The data release also highlighted challenges in the property sector, where new home prices in big cities edged lower after a period of heightened investor concern over spillover effects from developer defaults.

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