China's economic recovery accelerated in October with industrial output increasing at the fastest rate since March of last year while retail sales also grew strongly.
However, the Chinese central bank said that the rate of new lending declined last month, a possible indication that the government is beginning to slow the aggressive monetary stimulus it has injected into the economy this year.
China has rebounded faster and more strongly than any other major economy from the global financial crisis and economists believe the government will meet its target of 8 per cent growth in gross domestic product this year.
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