Production at China's factories, workshops and mines weakened in August, the government said Sunday, in a fresh sign of slowdown in the world's second-largest economy. Industrial output increased 8.9 percent in August compared with the same month last year, the National Bureau of Statistics announced. That represented a slowdown from the 9.2 percent gain recorded in July. Output for the first eight months of 2012, meanwhile, rose 10.1 percent compared with the same period in 2011, the National Bureau of Statistics said. Retail sales -- China's main gauge of consumer spending -- were 13.2 percent higher in August year-on-year, the bureau said, marginally better than the 13.1 percent increase recorded in July. Urban fixed asset investments, a key measure of government spending on infrastructure, rose 20.2 percent in the first eight months of 2012 compared with the same period the year before, the bureau also said. China's economy expanded 7.6 percent in the second quarter through the end of June for its weakest performance in three years, marking the sixth straight quarter of slower growth. Data in the current third quarter have remained weak as the slack global economy dents demand for exports and domestic activity has been sluggish.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor