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: