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- the unemployment rate in 31 cities was 5.1%
- January – September property investment was down 10.1% y/y
- January – September infrastructure investment was +4.1%
Offshore yuen is up a little after the data.
All three of the major activity indicators were above expectations, with retail sales and industrial output above August.
Property investment poor, this sector is still in deep trouble. Perhaps recent support measures announced will help in the months ahead.
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