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China Industrial Output, Retail Sales Climb In July

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Industrial production in China rose 10.8% in July from a year earlier, the National Bureau of Statistics said Tuesday. This comes after a 10.7% growth in June, and lower than economists' expectations of a 11.7% rise.

At the same time, retail sales rose 15.2% in July from a year earlier, accelerating from June's 15% growth rate.

Urban fixed-asset investment between January and July rose 32.9% from a year earlier, slowing from the first half's 33.6% rise. The growth rate was also lower than the median estimate of a 34% increase.

(Market News Provided by RTTNews)

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