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Citigroup Says China's Economic Recovery Accelerating
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Dec.14 -- Liu Li-gang, chief China economist at Citigroup Inc., discusses the state of the world's second-largest economy and its outlook. Industrial output rose 7% in November from a year earlier, in line with the median estimate in a Bloomberg survey of economists. Retail sales expanded 5% in the period, as projected. Fixed-asset investment grew 2.6% in the first 11 months of the year from the same period in 2019, also as expected. The unemployment rate inched lower to 5.2% from 5.3%. Liu speaks on "Bloomberg Markets: Asia."
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