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Economic data likely to improve in November

Data to be released this weekend are likely to show industrial production grew 9.8% in November, while retail sales increased 14.6%, the most since March, Bloomberg reported, citing median estimates of its surveys. Polls suggest that government efforts to stimulate growth have benefitted large state-run businesses and bypassed smaller companies. In a state-run poll, 80% of small businesses said they hadn’t seen any “obvious benefit” from government policies, despite the recent rebound in growth. “The recovery is uneven as the recent rebound is mainly driven by government-sponsored investment projects,” said Ding Shuang, a Hong Kong-based economist at Citigroup Inc (C.NYSE). The National Bureau of Statistics is also set to release inflation and investment data on December 9. Surveys suggest consumer prices probably rose by 2.1% and producer prices by 2%.

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