Asian Economic News

China Industrial Output Growth Slows Unexpectedly

China's industrial output growth slowed unexpectedly in April, the latest figures from the National Bureau of Statistics showed Friday.

Total production of the Chinese industrial sector grew 9.3 percent from a year earlier in April. Economists had expected the rate of growth to accelerate to 12.2 percent from 11.9 percent from March.

Production rose 0.35 percent on a monthly basis, the statistical office said.

Separately, the statistical office reported that the private fixed asset investment rose 20.2 percent during the first four months of the year compared to the same period last year. Economists were looking for a 20.5 percent rise.

by RTTNews Staff Writer

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