Editor’s Picks 13 September 2016 at 2:40 GMT

Chinese industrial output, retail spending top expectations

China's fixed-asset investment growth was unchanged at 8.1% in the January-August period, slightly better than market expectations. Analysts polled by Reuters had predicted investment growth of 8%. Private sector fixed-asset investment rose 2.3% in January-August, compared with 2.1% growth in the first seven months of the year. Industrial output rose 6.3% in August from a year earlier, the National Bureau of Statistics said on Tuesday, surpassing analysts' estimates for a rise of 6.1% after increasing 6.0% in July. Output rose at the fastest pace since March. Retail sales gained 10.6% in August on-year, also beating expectations. Analysts had forecasted they would rise 10.3% after a rise of 10.2 percent the prior month. China's economy has stabilised in recent months on the back of increased government spending and a property rebound, but private investment remains weak.
Read full article at Reuters


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