China's retail sales grew 4.6% compared to a year ago, better than expectations of a 3% growth forecast by a Reuters poll. Similarly, industrial production grew by 4.5% in August from a year ago, also better than the 3.9% forecast.China August retail sales and factory output beat expectations, but fixed asset investment misses
Retail sales grew by 4.6% in August from a year ago, beating expectations for 3% growth forecast by a Reuters poll. The increase was also faster than the 2.5% year-on-year pace in July. Fixed asset investment, however, grew by 3.2% year-on-year in August on a year-to-date basis. That missed expectations for a 3.3% increase and was slower than the 3.4% pace reported as of July.CNBC Pro: Alibaba and more: CLSA names 3 of the ‘cheapest AI plays’ worldwide — giving two over 50% upside
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