China October industrial output up 4.7% year-on-year; investment growth hits record low

BEIJING (Reuters) - China's industrial production growth slowed sharply in October, rising 4.7% year-on-year, official data showed on Thursday, missing forecasts of 5.4% and showing persistent pressure from weak global and domestic demand on the economy.Retail sales rose 7.2% year-on-year in October, data from the National Bureau of Statistics showed on Thursday, compared with an expected 7.9%.Fixed asset investment grew 5.2% from January-October, against an expected 5.4% forecast. The..