China’s factory output expanded in August at its fastest rate this year in a new sign the world’s second-largest economy is recovering from its deepest slump since the 2008 global crisis.
Industrial production rose 10.4 percent, accelerating from July’s 9.7 percent, government data showed Tuesday.
The signs of economic revival will ease pressure on Chinese leaders who want to focus on longer-term structural reforms analysts say are needed to keep economic growth strong.
“We have got a picture of a broad-based recovery from external demand to domestic demand, and from consumption to investment,” said Bank of America economists Xiaojia Zhi and Ting Lu in a report.
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