A slew of data out of China on Thursday suggested continued slack in the world’s second largest economy, which looks on track to undershoot the government’s annual 7.5 percent growth target, say economists.
Chinese industrial production and retail sales data missed expectations in October, extending a trend of below-view indicators amid a backdrop of slowing growth.
Industrial production rose 7.7 percent on year in October, below expectations for an 8 percent increase in a Reuters poll. Meanwhile, retail sales rose 11.5 percent on year, slightly below expectations for an 11.6 percent rise.
Fixed asset investment for the January-October period increased 15.9 percent, in line with expectations.
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