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Economy

China factory output and retail sales growth slow significantly

COVID-19 controls, chip shortages and pollution curbs disrupt activity

China's vehicle sales slid in July for a third consecutive month, partly driven by the global chip shortage.    © Reuters

BEIJING (Reuters) -- China's industrial output rose 5.3% in August from a year earlier, the weakest pace since July 2020, while retail sales growth also slowed significantly and missed expectations, official data showed on Wednesday.

The growth of factory output was slower than a 5.8% year-on-year increase tipped by a Reuters poll of analysts, and compared with a 6.4% increase in July.

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