Tuesday, September 2, 2014   

China industrial output, retail sales touch new lows
(03-13 14:02)

China's industrial output, which measures production at factories, workshops and mines, increased by 8.6 percent in January and February year-on-year, the National Bureau of Statistics said.
But the output was the lowest since 7.3 percent was recorded in April 2009, according to previous NBS data.
Retail sales, a key indicator of consumer spending in the world's second-largest economy, also increased, gaining 11.8 percent in the two months from the year before, the NBS said on its website.
This figure was also the lowest for several years.
Fixed asset investment, a measure of government spending on infrastructure, expanded 17.9 percent during the first two months of the year, it added. The NBS released statistics covering two months due to China's Lunar New year holiday week, which fell in both months.—AFP

   
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