China’s economy shows sparks of life, despite persisting weakness in troubled real estate sector

News Snapshot:

Open this photo in gallery: Shoppers walk through a retail district in Beijing, on Nov. 15.Ng Han Guan/The Associated Press China’s economy showed more signs of reviving in October as retail sales and manufacturing picked up though the property sector remained sluggish, the government said Wednesday. Factory output rose 4.6 per cent from a year earlier in October, while retail sales jumped 7.6 per cent, helped by robust spending during the weeklong National Day holidays. But real estate investment sank 9.3 per cent, and officials acknowledged that the industry was still in the “midst of adjustment,” after a crackdown on...