China's industrial output picks up in October

China's industrial output ticked up slightly in October compared to the previous month as coal production increased to handle power shortages in the country.

The National Bureau of Statistics says industrial production rose 3.5 percent from a year earlier. The sector was still affected by high prices for raw materials and the global chip shortage.

The growth rate was 0.4 percentage points higher than in September.

Investment in real estate development from January to October rose 7.2 percent compared to last year. But growth lost steam compared to the period through September.

New home prices fell in 52 of the country's 70 major cities in October compared to the previous month.

China's real estate market has been struggling amid property giant Evergrande Group's financial troubles.