Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
China investment growth slows to near 18-year low; output, retail also falter
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit

China investment growth slows to near 18-year low; output, retail also falter

Reuters • September 14, 2017, 12:02:05 IST
Whatsapp Facebook Twitter

The Chinese statistics bureau said hot weather and “structural adjustments” weighed on industrial output last month

Advertisement
Subscribe Join Us
Choose
Firstpost on Google
Choose
Firstpost on Google
China investment growth slows to near 18-year low; output, retail also falter

China on Thursday posted its slowest growth in fixed-asset investment in nearly 18 years along with weaker-than-expected industrial output and retail sales, suggesting the economy may be starting to lose steam as lending costs rise. Fixed-asset investment, a key growth driver for the world’s second-largest economy, grew 7.8 percent in the first eight months of the year, the weakest pace since December 1999 and cooling from 8.3 percent in January-July. Analysts had expected growth of 8.2 percent. Factory output also disappointed, rising 6.0 percent in August from a year earlier, the weakest pace in nine months, statistics bureau data showed. Analysts polled by Reuters had predicted factory output would grow 6.6 percent in August, up from 6.4 percent in the previous month. “In particular, infrastructure spending has now begun to cool as the front-loading of fiscal spending this year means that local governments are now having to pair back their outlays,” Capital Economics said in a note. [caption id=“attachment_4042125” align=“alignleft” width=“380”] ![Representational image. Reuters](https://images.firstpost.com/wp-content/uploads/2017/09/china_factory_380.jpg) Representational image. Reuters[/caption] “With tighter monetary conditions still weighing on credit growth, we expect a further slowdown in economic activity in coming quarters.” The statistics bureau said hot weather and “structural adjustments” weighed on industrial output last month, and added the economy remained on a steady, improving trend. On a monthly basis, output rose nearly half a percent. Retail sales also confounded market expectations, rising 10.1 percent in August from a year earlier, the softest in six months and cooling from 10.4 percent in July. Analysts had expected a slight pick-up in demand. Again, however, retail sales rose at a decent clip from a month earlier. China had posted a raft of better-than-expected data in the first half of this year and in recent weeks, defying analysts’ expectations for a slowdown. A government-led construction boom has lifted demand and prices for everything from cement to steel to glass, helping offset an expected drag from property curbs and a regulatory crackdown on riskier types of financing. Exports have also rebounded after several lean years due to stronger global demand. This has helped China’s industrial firms post their strongest profits in years. Earlier data for August had shown the country’s producer price inflation accelerated to a four-month high in August, while consumer inflation quickened to a seven-month high. Imports grew more than expected, but export growth eased. The steel industry churned out record volumes in July a rush to fill a supply gap caused by government-mandated capacity closures and to cash in on high margins. Growth of private investment slowed to 6.4 percent in January-August from 6.9 percent in the first seven months of the year, suggesting small- and medium-sized private firms still face challenges in accessing investment-finance. Private investment accounts for about 60 percent of overall investment in China.

Tags
China industrial output steel industry private investment retail sales
  • Home
  • Business
  • China investment growth slows to near 18-year low; output, retail also falter
End of Article
Latest News
Find us on YouTube
Subscribe
  • Home
  • Business
  • China investment growth slows to near 18-year low; output, retail also falter
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Enjoying the news?

Get the latest stories delivered straight to your inbox.

Subscribe
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV