1. China August investment growth steady, industrial output beats expectations

China August investment growth steady, industrial output beats expectations

China's fixed-asset investment growth was unchanged at 8.1 percent in the January-August period, slightly better than market expectations.

By: | Beijing | Published: September 13, 2016 9:12 AM
china, china investment growth, china fixed asset, china industrial output Private sector fixed-asset investment rose 2.3 percent in January-August, compared with 2.1 percent growth in the first seven months of the year. (Reuters)

China’s fixed-asset investment growth was unchanged at 8.1 percent in the January-August period, slightly better than market expectations.

Analysts polled by Reuters had predicted investment growth of 8.0 percent.

Private sector fixed-asset investment rose 2.3 percent in January-August, compared with 2.1 percent growth in the first seven months of the year.

Industrial output rose 6.3 percent in August from a year earlier, the National Bureau of Statistics said on Tuesday, surpassing analysts’ estimates for a rise of 6.1 percent after increasing 6.0 percent in July.

Output rose at the fastest pace since March.

Retail sales gained 10.6 percent in August on-year, also beating expectations.

Analysts had forecasted they would rise 10.3 percent 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.

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