China’s retail and industry have strengthened

By: Trademagazin editor Date: 2021. 10. 18. 11:05

Chinese industry continued to slow at a faster pace than expected, while retail sales growth strengthened in September, exceeding analysts’ forecasts.

China’s retail performance exceeded analysts’ expectations

Industrial production rose 3.1 percent year-on-year in September, according to data released by the Chinese Bureau of Statistics on Monday. Analysts expected a 4.5 percent expansion following the 5.3 percent increase recorded in August. The September data reflected the weakest expansion since Chinese industry returned to a growth trajectory since April last year after the downturn caused by the coronavirus pandemic. (MTI)