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China's Industrial Production Growth Quickens to 4.5% in May

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China's industrial production grew 4.5% year over year in May, according to data from the National Bureau of Statistics released on Tuesday.

The reading was higher than the 4.1% expansion recorded in the previous month. It beat the consensus forecast of a 4.3% growth tracked by Trading Economics.

By sector, manufacturing output edged up 4.4%, mining grew 2.3%, and the production and supply of electricity, thermal power, gas, and water climbed 7.6%.

On a month-over-month basis, industrial output rose 0.4%.

From January to May, the value added of industries above the designated size increased by 5.4% year on year year compared with a 5.6% year-on-year rise in the January to April period.

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