General World News

China’s Economy Slows as October Indicators Miss Forecasts

An employee works at a manufacturing plant of Sany Heavy Industry Co. during a government-organised tour of manufacturers based…

China’s industrial output grew significantly slower than expected in October, as weakness in global and domestic demand and the drawn-out Sino-U.S. trade war weighed on activity in the world’s second-largest economy.

Industrial production rose 4.7% year-on-year in October, data from the National Bureau of Statistics released Thursday showed, below the median forecast of 5.4% growth in a Reuters poll.

Indicators showed other sectors also slowing significantly and missing forecasts with retail sales growth back near a 16-year trough and fixed asset investment growth the weakest on record.

An employee works at a manufacturing plant of Sany Heavy Industry Co. during a government-organized read more >>>

Source:: VOANews.Com