The data form further evidence that policy makers’ efforts to brake the slowdown in the economy are falling behind the curve, as the nation faces structural downward forces at home and the uncertainty clouding the trade outlook with the U.S.
BEIJING: China’s economy slowed further in October, signaling that policy makers’ piecemeal stimulus is failing to boost output and investment amid ongoing trade tensions with the U.S. and subdued domestic demand.
Industrial output rose 4.7% from a year earlier, versus a median estimate of 5.4%. Retail sales expanded 7.2%, compared to a projected 7.8% increase.Fixed-asset investment slowed to 5.2% in the first ten months, versus a forecast 5.4%. That was the lowest reading in comparable data back to 1998.Key Insights
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