China's industrial output grew 5.8% year-on-year in September, recovering a...
FILE PHOTO: A worker welds a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS/File Photo
BEIJING - China’s industrial output grew 5.8% year-on-year in September, recovering after slowing sharply the previous month, data from the National Bureau of Statistic showed Friday, though the economy remained under broad pressure from cooling demand at home and abroad. Analysts had expected industrial output, which has been hit by a bruising Sino-U.S. trade war, to grow by 5.0% in September, according to a Reuters poll.
Retail sales rose by 7.8% year-on-year last month, in line with analysts’ expectations of 7.8% growth. Sales in August grew 7.5%.Private sector fixed-asset investment, accounting for 60% of the country’s total investment, grew by 4.7% in January-September, compared with 4.9% in January-August.
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