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Dec 15, 2020 2:20 AM UTC BEIJING China s economic activity extended its strong momentum in November with an across-the-board recovery, according to official data released Tuesday. Industrial output rose 7.0% in November from a year earlier, accelerating from 6.9% in October, China s official National Bureau of Statistics said. The result also beat the 6.8% increase expected by economists polled by The Wall Street Journal. Fixed-asset investment rose 2.6% in the January-November period, faster than 1.8% pace recorded in the first 10 months, according to data from the statistics bureau. Economists had expected fixed-asset investment, which includes manufacturing, property and infrastructure investment, to grow 2.5% on year in the first 11 months.
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Dec 10, 2020 3:01 AM UTC BEIJING China s Commerce Ministry said Thursday that it would impose temporary antisubsidy tariffs on Australia-imported wines, adding more levies after hefty antidumping duties applied two weeks ago. The ministry said the temporary duties of 6.3% to 6.4% will take effect Friday. The action came after Beijing imposed antidumping duties of 107.1% to 212.1% on Australian wine in late November, as an investigation found exporters dumped cheap wine into the Chinese market. The latest measure is expected to add more tension to bilateral relations, which went sour after Canberra called for a probe into the origins of the coronavirus, angering Beijing.