Thursday, 14 September 2017 09:21 WIB |
ECONOMY |ekonomi China
The pace of China economic expansion unexpectedly cooled further last month after a lackluster July, as factory output, investment and retail sales all slowed.
Industrial output rose 6.0 percent from a year earlier in August, versus a median projection of 6.6 percent and July™s 6.4 percent.
Retail sales expanded 10.1 percent from a year earlier, versus a projection of 10.5 percent and 10.4 percent in July.
Fixed-asset investment in urban areas rose 7.8 percent in the first eight months of the year over the same period in 2016, compared with a forecast 8.2 percent rise.
The continued cooling of the world™s second-largest economy suggests that efforts to rein in credit expansion and reduce excess capacity are hitting home ahead of the key 19th Party Congress in October. Still, producer-price inflation and a manufacturing sentiment gauge both exceeded estimates earlier this month, signaling some resilience.