China Factory Output Misses Estimates, Highlighting Challenges
From bloomberg.com
China’s industrial production and investment trailed analyst estimates, raising further question marks over the effectiveness of government efforts to revive growth. Industrial output rose 6.1 percent in August from a year earlier, the National Statistics Bureau said Sunday, below the 6.5 percent median estimate of economists surveyed by Bloomberg. Retail sales rose 10.8 percent in August, while fixed-asset investment climbed 10.9 percent in the first eight months. The weaker industrial and investment figures underscore the challenge the government faces in meeting its growth target of 7 percent this year, as exports ...
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