{"id":114863,"date":"2021-05-21T22:19:03","date_gmt":"2021-05-21T22:19:03","guid":{"rendered":"https:\/\/fin2me.com\/?p=114863"},"modified":"2021-05-21T22:19:03","modified_gmt":"2021-05-21T22:19:03","slug":"china-industrial-output-fixed-asset-investment-growth-moderates","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/china-industrial-output-fixed-asset-investment-growth-moderates\/","title":{"rendered":"China Industrial Output, Fixed Asset Investment Growth Moderates"},"content":{"rendered":"

China’s industrial production as well as fixed asset investment growth moderated, while growth in retail sales eased sharply in April as the initial boost from the relaxation of coronavirus<\/span> containment measures in March faded.<\/p>\n

Data published by the National Bureau of Statistics, on Monday, showed that industrial production grew 9.8 percent year-on-year in April, slower than the 14.1 percent increase in March but it in line with economists’ expectations. <\/p>\n

Retail sales climbed 17.7 percent annually, much slower than the 34.2 percent increase seen in March and the economists’ forecast of 24.9 percent. <\/p>\n

During January to April, fixed asset investment expanded 19.9 percent compared to 25.6 percent in three months to March. Economists were expecting an increase of 19 percent.<\/p>\n

Likewise, growth in property investment slowed in January to April period to 21.6 percent from 25.6 percent.<\/p>\n

The surveyed unemployment rate fell to 5.1 percent in April from 5.3 percent in the previous month.<\/p>\n

Looking ahead, the rebound in consumption should gather pace again in the coming months as the labor market continues to tighten, Julian Evans-Pritchard, an economist at Capital Economics, said.<\/p>\n

However, the economist said the current strength of investment spending is unlikely to be sustained for long given the recent withdrawal in policy support and slowdown in credit growth.<\/p>\n

Chinese economic data for April all fell short of expectations but this is not a cause for concern yet, Hao Zhou and Marco Wagner, economists at Commerzbank, said. This suggests that economic growth as well as policy support measures are gradually normalizing.<\/p>\n

The government targets to achieve above 6 percent economic growth for the whole year of 2021. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China’s industrial production as well as fixed asset investment growth moderated, while growth in retail sales eased sharply in April as the initial boost from […]<\/p>\n","protected":false},"author":3,"featured_media":114862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nChina Industrial Output, Fixed Asset Investment Growth Moderates - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/china-industrial-output-fixed-asset-investment-growth-moderates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Industrial Output, Fixed Asset Investment Growth Moderates - Fin2me\" \/>\n<meta property=\"og:description\" content=\"China’s industrial production as well as fixed asset investment growth moderated, while growth in retail sales eased sharply in April as the initial boost from [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/china-industrial-output-fixed-asset-investment-growth-moderates\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-21T22:19:03+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/05\/China-Industrial-Output-Fixed-Asset-Investment-Growth-Moderates-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/china-industrial-output-fixed-asset-investment-growth-moderates\/\",\"url\":\"https:\/\/fin2me.com\/business\/china-industrial-output-fixed-asset-investment-growth-moderates\/\",\"name\":\"China Industrial Output, Fixed Asset Investment Growth Moderates - 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