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Industrial output slows sharply in October
Published on: 2008-11-14
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China's factory output abruptly weakened last month, the government said on Thursday, as Premier Wen Jiabao warned the impact of the global crisis was "much worse" than expected. Industrial production grew 8.2% in October from the corresponding month a year ago compared with 11.4% in September, official said. "This slow growth in industrial output indicates the risk of a hard landing is still lingering," said Benny Lui, a Hong Kong-based economist at Core Pacific Yamaichi.
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