China’s industrial production and retail sales climbed faster than forecast in October, according to official data. However, the Chinese regime’s new control measures against the Chinese Communist Party (CCP) virus pandemic and a weakening property sector have weighed down the economic outlook. According to China’s National Bureau of Statistics (NBS), retail sales increased by 4.9 percent year on year in October, outpacing September’s 4.4 percent, and topping the forecast of 3.5 percent by Reuters’ poll. Nevertheless, two major categories that drive consumer spending fell: auto sales were down 11.5 percent, and apparel sales dropped 3.3 percent from the same period last year. “Growth will likely weaken in the rest of this year,” Zhiwei Zhang, chief economist at Pinpoint Asset Management said. Zhang warned that, due to the COVID outbreak, several cities have tightened travel restrictions, which will undoubtedly negatively impact the service industry in November. “The property sector slowdown is getting …