CHINA's industrial production grew at the slowest rate in four months in July, adding to signs of a weak start to the third quarter as a deep property slowdown, reports London's Financial Times.
Industrial production rose 5.1 per cent year on year in July, official data from the National Bureau of Statistics showed, slightly a 5.2 per cent increase forecast by economists polled by Bloomberg, and 5.3 per cent growth the previous month.
Unemployment was 5.2 per cent in July, in line with analysts' forecasts and a rise from five per cent in June and the first increase in unemployment since February.
President Xi Jinping has focused on industry, particularly in the high-tech manufacturing sector, to bolster China's economy as a three-year property slump has hit household consumption and undermined investor confidence.
SeaNews Turkey
Industrial production rose 5.1 per cent year on year in July, official data from the National Bureau of Statistics showed, slightly a 5.2 per cent increase forecast by economists polled by Bloomberg, and 5.3 per cent growth the previous month.
Unemployment was 5.2 per cent in July, in line with analysts' forecasts and a rise from five per cent in June and the first increase in unemployment since February.
President Xi Jinping has focused on industry, particularly in the high-tech manufacturing sector, to bolster China's economy as a three-year property slump has hit household consumption and undermined investor confidence.
SeaNews Turkey
