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Economy

China factory output, retail sales slump as economy loses steam

Property investment falls more quickly in January-October period

Customers shop for bed linen at a store in Beijing. China's retail sales have been weak as strict COVID curbs dent the economy.    © Reuters

BEIJING (Reuters) -- China's factory output grew more slowly and retail sales fell in October, the latest sign that the world's second-largest economy is losing momentum as it struggles with protracted COVID-19 curbs and a property downturn.

Property investment also fell at a faster pace in the January-October period, pointing to further weakness in a key pillar of China's economy.

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