China’s economic recovery gained ground in November as industrial output and retail sales growth hit eight-month highs.
After slowing for seven straight quarters, the world’s second-largest economy appears set to finish 2012 with a moderate rebound, fuelled by looser monetary policy and a burst of government spending on infrastructure.
“We believe the economy will maintain its moderate upturn into next year,” said Liu Ligang, an economist with ANZ. “Fiscal policy has already had a strong impact on the real economy.”
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