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- China's industrial production and retail sales growth decelerated in October
China's industrial production and retail sales growth decelerated in October
China's industrial production and retail sales growth decelerated in October and property investment cooled, as measures taken to curb excessive debt and factory pollution weighed on activity.
Industrial production grew 6.2 percent year-on-year in October, but slower than the 6.6 percent expansion seen in September, data from the National Bureau of Statistics, cited by rttnews. This was also weaker than the expected growth of 6.3 percent.
Likewise, retail sales growth eased to 10 percent from 10.3 percent in September. Economists had forecast growth to improve to 10.5 percent.
During January to October, fixed asset investment climbed 7.3 percent compared to 7.5 percent rise seen for nine months ended September.
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