China retail, factory pickup show continued momentum in economy

Business & Technology

"The world’s second-largest economy has remained resilient in the final quarter of the year as exports were cushioned by a weaker yuan and factory prices snapped out of their deflationary funk. With the expansion on pace to land smack in the middle of the government’s 6.5-7 percent full-year objective, attention is shifting to curbing excess corporate borrowing and industrial capacity and reining in surging property prices."