China’s Industrial Production, Retail Sales Slow in July


According to the latest data of world’ second largest economy shows peaked in the first half of the year. Industrial production grew at 6.4% this month as compare 7.5% in June. This growth is also below the expected rates i.e. 7.1% as suggested by the economists.

If we talk about retail sales it increases at the 10.45 year-on-year pace, which is also low as compare to June’s growth i.e. 11% and expected rates 10.8%. On the other hand spending on infrastructure and property, grows at an 8.3% year-on-year pace in the first seven months of the year, but it is also down from a forecast 8.6% rise.

China’s economy grows at a 6.9% year-on-year pace in the first and second quarters. The government has said the economy remains on track to deliver on its growth target of ‘around’ 6.5%.

hina economist Betty Rui Wang said:

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