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China’s November Activity Data Comes In Strong As Industrial Output Rebounds
The market got a fresh read on China's economy Monday, and the news is encouraging - at least on the surface.
Activity data for November looks to have beaten across the board, with industrial output coming in especially strong, rising 6.2% YoY. That's markedly better than the 5% consensus was expecting and is a welcome reprieve.
Recall that IP rose just 4.7% YoY in October, below even the most pessimistic estimate. It plunged to a 17-year nadir in August, but rebounded the following month. In
