Business

China’s industrial output growth slips to 5.4% 

BEIJING: China’s industrial production is growing at its slowest rate since the global financial crisis, the government said Saturday.

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The measure, which gauges output at factories, workshops and mines in the world’s second-largest economy, rose 5.4 percent year-on-year in January and February.

The figures were the weakest since November 2008, during the global financial crisis.

Retail sales, a key indicator of consumer spending, increased 10.2 percent in the same period, the National Bureau of Statistics said. Fixed-asset investment, a measure of mainly government spending on infrastructure, expanded 10.2 percent on-year for the first two months of 2016.

Results fell short of economists’ expectations, according to a survey by Bloomberg News, which predicted a year-on-year increase in retail sales of 10.9 percent, while industrial production was projected to expand 5.6 percent.

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China’s industrial output growth slips to 5.4% 

by AFP