China August investment growth steady, industrial output beats expectations

China's economy has stabilised in recent months on the back of increased government spending and a property rebound, but private investment remains weak.

By: Reuters | Beijing | Updated: September 13, 2016 8:01 am
China, China economy, fixed asset investment growth, China investment growth, industrial output, China news, business news, world market, latest news, Indian express China’s fixed-asset investment growth was unchanged at 8.1 per cent in the January-August period, slightly better than market expectations of 8 per cent.

China’s fixed-asset investment growth was unchanged at 8.1 per cent in the January-August period, slightly better than market expectations.

Analysts polled by Reuters had predicted investment growth of 8.0 per cent.

Private sector fixed-asset investment rose 2.1 percent in January-August, unchanged from the first seven months of the year.

Industrial output rose 6.3 per cent in August from a year earlier, the National Bureau of Statistics said on Tuesday, surpassing analysts’ estimates for a rise of 6.1 percent after increasing 6.0 percent in July. Output rose at the fastest pace since March.

Retail sales gained 10.6 per cent in August on-year, also beating expectations.

Analysts had forecast they would rise 10.3 per cent after a rise of 10.2 per cent the prior month.

China’s economy has stabilised in recent months on the back of increased government spending and a property rebound, but private investment remains weak.