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Economy

China October industrial growth slows to 4.7% amid weak demand

Jan-Oct figure reflects slumping global and domestic economies

Employees work on a production line at a factory in Jiangsu Province. The latest figure fell far short of the 5.4% forecast for the term.   © Reuters

BEIJING (Reuters) -- China's industrial output grew significantly slower than expected in October, as weakness in global and domestic demand and the drawn-out Sino-U.S. trade war weighed on activity in the world's second-largest economy.

Industrial production rose 4.7% year-on-year in October, data from the National Bureau of Statistics released on Thursday showed, below the median forecast of 5.4% growth in a Reuters poll.

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