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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Industrial output, investment beat forecasts
    2018-11-15  08:53    Shenzhen Daily

THE country’s industrial output and investment grew faster than expected, suggesting a flurry of support measures is starting to take hold.

Other indicators pointed to continued pressure on the economy, however. Retail sales slowed more than expected.

Industrial output rose 5.9 percent in October, the National Bureau of Statistics (NBS) said yesterday, surpassing analysts’ estimates. Factory output had been expected to grow 5.7 percent, down from 5.8 percent in September.

China’s fixed-asset investment growth quickened to 5.7 percent in the January-October period.

Analysts polled previously had expected it to rise 5.5 percent in the first 10 months of the year, edging up from 5.4 percent in the January-September period.

Investment growth had fallen to a record low earlier in the year as regulators reined in local government spending and debt.

Private sector fixed-asset investment rose 8.8 percent in the January-October period, compared with an increase of 8.7 percent in the first three quarters. Private investment accounts for about 60 percent of overall investment in China.

Growth in infrastructure spending, a powerful economic driver last year, picked up to 3.7 percent in the first 10 months of the year, compared with a rise of 3.3 percent in the January-September period.

The National Development and Reform Commission gave the greenlight to 45 projects worth 437.4 billion yuan in the third quarter, accounting for nearly two-thirds of the value of approvals so far this year.

Government spending rose 8.2 percent in October from a year earlier.

Retail sales rose 8.6 percent in October from a year earlier, the slowest since May. Analysts had expected retail sales to rise 9.1 percent, slowing from 9.2 percent in September.(SD-Agencies)

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