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Japan growth slows as new PM readies stimulus
Japan growth slows as new PM readies stimulus
Economy
by  AFP

Japan's growth slowed in the third quarter, official data showed Friday, as Prime Minister Shigeru Ishiba seeks to jumpstart the world's fourth-largest economy. "The economy lost momentum in the third quarter and we think that GDP growth will remain around trend over the coming quarters," Marcel Thieliant, head of Asia-Pacific at Capital Economics, said in a note on Friday.

China retail sales pick up speed, beat forecasts in October
China retail sales pick up speed, beat forecasts in October
Economy
by  AFP

China's retail sales last month grew at their fastest clip since the start of the year, official figures showed Friday, an encouraging sign for Beijing as it looks to boost sluggish consumption. However, industrial production growth edged down to 5.3 percent in October, the NBS figures showed, from 5.4 percent the previous month.