China industrial output growth slows sharply in October; investment growth hits record low

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BEIJING (REUTERS) - China's industrial production growth slowed sharply in October, rising 4.7 per cent year-on-year, official data showed on Thursday (Nov 14), missing forecasts of 5.4 per cent and showing persistent pressure from weak global and domestic demand on the economy.. Read more at straitstimes.com.

BEIJING - China's industrial production growth slowed sharply in October, rising 4.7 per cent year-on-year, official data showed on Thursday , missing forecasts of 5.4 per cent and showing persistent pressure from weak global and domestic demand on the economy.

Retail sales rose 7.2 per cent year-on-year in October, data from the National Bureau of Statistics showed, compared with an expected 7.9 per cent. Fixed asset investment grew 5.2 per cent from January-October, against an expected 5.4 per cent forecast. The January-October growth was the lowest since Reuters record began in 1996.

Private sector fixed-asset investment, which accounts for 60 per cent of the country's total investment, grew 4.4 per cent in January-October.

 

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