Tuesday, November 21, 2017
News

China June factory output rises 7.6 pct, investment up 8.6 pct, both top forecasts

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

BEIJING | Monday, Jul 17 2017 IST
 
China's factory output grew 7.6 percent in June from a year earlier, while fixed-asset investment expanded 8.6 percent in the first six months of the year, both beating forecasts.Analysts polled by Reuters had predicted factory output would grow 6.5 percent in June, unchanged from the previous month.Fixed asset investment had been forecast to grow 8.5 percent over the first six months of the year, easing from 8.6 percent in January-May.Retail sales rose 11.0 percent in June from a year earlier, quickening from May and beating analysts' expectations for a 10.6 percent rise.Growth of private investment quickened to 7.2 percent in January-June from 6.8 percent in the first five months of the year, suggesting an improved appetite from private firms to invest after a sharp loss of momentum in recent years.Private investment accounts for about 60 percent of overall investment in China.China is targeting growth of around 9 percent in fixed asset investment for 2017, and expects retail sales to increase about 10 percent.China is targeting annual economic growth of around 6.5 percent this year, down from the 6.7 percent pace clocked in 2016 - the slowest in 26 years. REUTERS AKC 0743

-- (Reuters) -- C-1-1-DL0432-975676.Xml

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
 
MORE ASIA NEWS
India, Myanmar begin joint military exer...
Sri Lankan PM questioned over controvers...
Peace bus service leaves with Muzaffarab...
Pakistan's anti-narcotics force foils dr...
Two dailies booked for militant picture ...
20 killed in Pakistan road accident...
More...
 
INDIA WORLD ASIA
There can't be any compromise on women's...
GJM suspends Bimal Gurung, elects Binay ...
BJP says Rahul's elevation timed just be...
Nine workers killed as crane crashes on ...
Congress releases list of star campaigne...
Women Commission chief again denied perm...
More...    
 
 Top Stories
Bhuvi, Dhawan released from India's... 
'Padmavati' not to be released in R... 
Congress passes resolution to eleva... 
Bimal Gurung suspended; Binay Taman... 
Zimbabwe's Mugabe passes deadline t... 
SIT arrests Panchkula violence accu... 
Congress needs indigenisation for b... 
US again names N Korea a 'state spo...