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Chinese industrial output, consumption pick up

Midway through the second quarter, key elements in China's economy suggested stabilisation.

May data show industrial output and retail sales each rising a bit, indicating that April to June growth should pick up after the slowest quarter in six years.

The year-to-year climb in industrial output rose from 5.9 per cent in April to 6.1 per cent in May, just ahead of forecasts at 6 per cent.

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