China industrial production up 10.4% in August

China's industrial production rose 10.4% on year in August, accelerating from July's 9.7%. Analysts said the latest result improves the odds that China will meet this year's target of 7.5% growth in gross domestic product. "Overall, these data are very strong. Growth in the third and fourth quarters will sustain a modest recovery," said HSBC economist Ma Xiaoping.

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