China’s industrial output growth slips to 5.4%
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.