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ASIA:
China’s economic recovery broadened in November as both retail sales and industrial production growth accelerated, data released on Tuesday showed. Retail sales, a key indicator of consumption trends in the world’s most populous nation, grew by 5.0 percent from a year earlier, marking the fourth successive month of expansion. The November growth rate was the highest since reaching 8.0 percent in December 2019. Industrial production, a gauge of manufacturing, mining and utilities output in the Chinese economy, grew by 7.0 percent from a year earlier, up slightly from 6.9 percent in October. Analysts had predicted a growth of 7.0 percent.