China's industrial production and consumption improved in August, while investment continued to lose momentum despite Beijing's increased efforts to...
China’s industrial production and consumption improved in August, while investment continued to lose momentum despite Beijing’s increased efforts to stimulate growth.
Industrial production expanded 4.5% from a year earlier in August, up from the 3.7% increase in July, the National Bureau of Statistics said Friday. The result beat the 4.1% growth expected by economists in a Wall Street Journal poll. Retail sales, a key metric for domestic consumption, grew 4.6% in August from a year earlier, accelerating from July’s 2.5% increase and higher than the 3.5% growth expected by surveyed economists.
Fixed-asset investment increased 3.2% over the January to August period, down from 3.4% growth recorded in the first seven months. Economists surveyed had anticipated fixed-asset investment to grow 3.3% on year.
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