Xinhua, Beijing :
China’s economy maintains steady growth amid domestic and external challenges as the country pushes structural reform and fosters new growth drivers.
The country registered sound growth in industrial output and retail sales, though fixed-asset investment increase continued to slow, data from the National Bureau of Statistics (NBS) showed Friday.
Despite fluctuation of some indicators, NBS spokesperson Mao Shengyong said the economy has been generally stable with improving momentum for growth.
Industrial output rose 6.1 percent in August from one year earlier, a notch higher than July’s 6-percent rise.
The output of 336 of 596 key industrial products monitored by the government, including steel, coal, crude oil, and integrated circuits, climbed, but production of autos, ethylene, and computers fell.
Retail sales posted a better-than-expected growth of 9 percent last month, accelerating from 8.8 percent in July. Analysts had forecast an increase of 8.8 percent for August.
Fixed-asset investment (FAI) growth further slowed to 5.3 percent for January-August, weighed down again by weakening infrastructure investment.
China’s economy maintains steady growth amid domestic and external challenges as the country pushes structural reform and fosters new growth drivers.
The country registered sound growth in industrial output and retail sales, though fixed-asset investment increase continued to slow, data from the National Bureau of Statistics (NBS) showed Friday.
Despite fluctuation of some indicators, NBS spokesperson Mao Shengyong said the economy has been generally stable with improving momentum for growth.
Industrial output rose 6.1 percent in August from one year earlier, a notch higher than July’s 6-percent rise.
The output of 336 of 596 key industrial products monitored by the government, including steel, coal, crude oil, and integrated circuits, climbed, but production of autos, ethylene, and computers fell.
Retail sales posted a better-than-expected growth of 9 percent last month, accelerating from 8.8 percent in July. Analysts had forecast an increase of 8.8 percent for August.
Fixed-asset investment (FAI) growth further slowed to 5.3 percent for January-August, weighed down again by weakening infrastructure investment.
