China’s industrial production, capital investments slow in April
The country’s industrial production increased by 6.5% in April on a yearly basis and missed the economists’ estimates of a rise of 7%. The country’s industrial production in April was also slower than a rise of 7.6% in March.
A similar slowdown was recorded in the country’s retail sales in April. Retail sales were up by 10.7% from 10.9% a month earlier and fell slightly below the estimates of a rise of 10.8%.
Fixed capital investments rose by 8.9% in the first four months of 2017 and stood below the estimates of an increase of 9.1%.
The growth rate slowed down after the first quarter of 2017 due to the fact that the policy is being tightened. However, economists say that the growth performance is still good and policy makers will focus on reducing the financial risks in the second quarter.
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