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China August Investment Growth Steady, Industrial Output Beats Expectations

Sep 13 , 2016

China's fixed-asset investment growth was unchanged at 8.1 percent in the January-August period, slightly better than market expectations. Analysts polled by Reuters had predicted investment growth of 8.0 percent.

Private sector fixed-asset investment rose 2.3 percent in January-August, compared with 2.1 percent growth in the first seven months of the year. Industrial output rose 6.3 percent in August from a year earlier, the National Bureau of Statistics said on Tuesday, surpassing analysts' estimates for a rise of 6.1 percent after increasing 6.0 percent in July. Output rose at the fastest pace since March. Retail sales gained 10.6 percent in August on-year, also beating expectations.

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