Other indicators pointed to continued pressure on the economy, however.Retail sales slowed more than expected, while growth in October real estate investment eased to a 10-month low and home sales fell again as developers held back expansion plans in the face of softening demand.Facing the weakest growth since the global financial crisis, Chinese policymakers are fast-tracking road and rail projects, pushing banks to increase lending and cutting taxes to ease strains on businesses and prevent a sharper slowdown.

Industrial output rose 5.9 percent in October, the National Bureau of Statistics (NBS) said on Wednesday, surpassing analysts’ estimates. Factory output had been expected to grow 5.7 percent, down from 5.8 percent in September.China’s economy is facing increasing domestic …