Nov
14
China’s Economy Holds Ground Amid Curbs to Cool Housing Market
By-
Industrial production, fixed-asset investment remain resilient
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Retail sales growth slows as real estate curbs cap spending
China’s economy held ground last month following new measures to cool property markets in almost two dozen big cities.
- Industrial production rose 6.1 percent from a year earlier in October, compared with median estimate of 6.2 percent in a Bloomberg survey and 6.1 percent in September
- Retail sales growth slowed to 10 percent, missing estimates for 10.7 percent
- Fixed-asset investment rose 8.3 percent in first ten months of the year
Any sign the world’s second-largest economy is losing steam may add to uncertainty in the global economy, which already faces the prospect that U.S. President-elect Donald Trump will impose punitive tariffs on Chinese imports. But for now, it’s all about domestic drivers, with efforts to rein in property prices tapping the brakes on China’s consumer…
China’s Economy Holds Ground Amid Curbs to Cool Housing Market
