China’s Industrial Output and Retail Sales Surge, Boosting Recovery Hopes
China’s economic outlook shows improvement as industrial output and retail sales beat expectations in October. Industrial output accelerated to 4.6%, the highest since April, surpassing the forecasted 4.4%. Retail sales, a key consumption indicator, rose by 7.6%, outperforming predictions and marking the fastest growth since May. Despite these positive signals, analysts remain cautious, citing challenges in the property sector and the need for major reforms. The government’s efforts to stimulate the economy, including potential reserve requirement ratio cuts, indicate a proactive approach to sustaining growth amid persistent uncertainties.
EXCLUSIVE Hollysys management to lead take-private deal at $1.8 bln valuation -sources
A consortium led by China’s Hollysys Automation Technologies management plans to take the U.S.-listed automation and control system maker private in a deal that would value the firm at $1.8 billion, people with knowledge of the matter said.
