China’s fixed-asset investment growth slowed to 7.2 percent in the January-November period, while industrial output expanded at a faster pace than markets had expected.
Analysts polled by Reuters had correctly predicted investment growth of 7.2 percent, cooling from the 7.3 percent rate in the Jan-Oct period.
Private sector fixed-asset investment rose 5.7 percent in January-November, down from the first 10 months of the year.
Industrial output rose 6.1 percent in November from a year earlier, the National Bureau of Statistics said on Thursday, surpassing analysts’ estimates for a rise of 6.0 percent. In October, output increased 6.2 percent.
Retail sales gained 10.2 percent in November on-year, in line with expectations, in line with expectations, but slightly ahead of the prior month.
The world’s second-biggest economy has defied market expectations with economic growth of 6.9 percent in the first nine months of the year, supported by a construction boom and robust exports.
But factory activity has shown signs of cooling in the past few months as Beijing extended a crackdown on financial risks, which has increased borrowing costs and weighed on new investment.
Source: cnbc china
China just released a bunch of economic data that was in line with expectations