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News Summary: Signs Chinese economy recovering

RECOVERY: China's worst slump since the global financial crisis leveled out in the latest quarter and retail sales picked up in a sign an economic rebound is taking shape.

THE NUMBERS: The world's second-largest economy grew 7.4 percent in the three months ending in September. That's slower than the second quarter's 7.6 percent growth, but the decline was much gentler than in earlier quarters. Retail sales rose 14.4 percent, accelerating from the first half's 14.1 percent growth.

BROAD IMPACT: A Chinese rebound would be good news for many other countries that supply its factories with iron ore and other commodities.