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Economy And The Numbers

China Industrial Output, Retail Sales Miss Expectations

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
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China's industrial production and retail sales grew at weaker than expected rates in August and fixed asset investment logged only a meagre growth, strengthening the call for both monetary and fiscal stimulus.

Industrial output expanded 5.2 percent on a yearly basis in August, weaker than the 5.7 percent increase in July, the National Bureau of Statistics reported Monday. The rate was expected to remain unchanged at 5.7 percent.

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