Tuesday, 14 November 2017 09:16 WIB |
ECONOMY |ekonomi China
China™s economic expansion dialed back a notch as factory output, investment and retail sales all decelerated.
Industrial output rose 6.2 percent from a year earlier in October, versus a median projection of 6.3 percent and September™s 6.6 percent.
Retail sales expanded 10 percent from a year earlier, versus an estimated 10.5 percent and 10.3 percent the prior month.
Fixed-asset investment excluding rural households rose 7.3 percent in the first 10 months of the year over the same period in 2016, matching economists™ forecasts.
China has signaled increasing focus on the quality of economic expansion rather than the pace of it at the twice-a-decade Party Congress last month, which means further stimulus is unlikely. Stringent air pollution curbs have also hit factory production and a slowdown in credit may weigh on the economy in the fourth quarter. Still, the world™s second-largest economy is on track for its first full-year acceleration in seven years.
Source : Bloomberg