China’s industrial output grows at slowest rate since 2002 in August
by ChemOrbis Editorial Team - content@chemorbis.com
According to data published by the National Bureau of Statistics, China’s industrial output growth expanded by 4.4% on-year in August following a 4.8% rise in July. This marks the slowest growth rate in the country’s factory output seen in 17 years.
The weaker-than-expected growth rate was mainly attributed to the ongoing weakness in the Chinese economy, which is triggered by trade disputes with the US and softer domestic demand.
Data showed that retail sales growth increased by 7.5% in August, slightly below the 7.6% increase in July. Fixed-asset investment grew by 5.5% in the first eight months of 2019, logging the slowest growth rate since August 2018.
The weaker-than-expected growth rate was mainly attributed to the ongoing weakness in the Chinese economy, which is triggered by trade disputes with the US and softer domestic demand.
Data showed that retail sales growth increased by 7.5% in August, slightly below the 7.6% increase in July. Fixed-asset investment grew by 5.5% in the first eight months of 2019, logging the slowest growth rate since August 2018.
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