The latest data released by China’s National Bureau of Statistics shows that growth in some major economic indicators has moderated.
China’s value-added industrial output expanded 6.9 percent year on year in August, but slowed from July. Analysts attribute the drop to weak external demand and tempered growth of auto and cell phone production. Retail sales grew 11.9 percent from a year earlier to over 340 billion US dollars. But that was slightly lower compared with June too.
Meanwhile, China’s fixed-asset investment climbed 16.5 percent to 5 trillion US dollars in the first eight months from the same period last year. But the growth of China’s property sector investment continued to slow in August. Some analysts expect the government to unveil further stimulus measures in the coming months.