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China investment growth steady in August, industrial output beats expectations

China’s fixed-asset investment growth was unchanged at 8.1 per cent from January to August, slightly better than market expectations.

Analysts had predicted investment growth of 8 per cent.

Private sector fixed-asset investment rose 2.3 per cent over the same period, compared with 2.1 per cent growth in the first seven months of the year.

China’s imports rise for first time in nearly two years, raising hopes nation’s economy gathering steam

Industrial output rose 6.3 per cent in August from a year earlier, the National Bureau of Statistics said on Tuesday, surpassing analysts’ estimates for a rise of 6.1 per cent after increasing 6 per cent in July. Output rose at the fastest pace since March.

Retail sales gained 10.6 per cent in August on-year, also beating expectations.

Analysts had forecasted they would rise 10.3 per cent after a rise of 10.2 per cent the prior month.

China’s economy has stabilised in recent months on the back of increased government spending and a property rebound, but private investment remains weak.