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International Business Times
International Business Times
Business

China Factory Output Slumps But Consumption Offers Bright Spot

The United States and China this month agreed to a temporary truce in a blistering trade war between the United States and China that saw tariffs soar to eye-watering levels (Credit: AFP)

China's factory output grew slower than expected last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a rare bright spot for the economy.

The United States and China this month agreed to a temporary truce in a blistering trade war that saw tariffs hiked to eye-watering levels and upended global supply chains.

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