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#Chinese economy

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Bitcoin Rises to $82,500 as Chinese Economic Data Moves Markets
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Bitcoin Rises to $82,500 as Chinese Economic Data Moves Markets

Key Highlights China’s gross domestic product (GDP) expanded by 4.5 percent year-on-year in the third quarter, surpassing second-quarter growth and boosting global risk appetite. Chinese retail sales climbed 1.1 percent, outpacing consensus estimates of 0.5 percent and indicating resilient domestic consumer demand. Easing crude oil prices and steady monetary policy expectations for the U.S. Federal ...