World Economy

China Factory Output Up

China Factory Output UpChina Factory Output Up

China’s industrial production, which measures output at factories, workshops and mines in the world’s second-largest economy, rose 6.1% year-on-year in August, the government said on Sunday, AFP reported. Retail sales, a key indicator of consumer spending, increased 10.8% in the same month from a year earlier, the National Bureau of Statistics (NBS) said. Fixed asset investment, a measure of government spending on infrastructure, expanded 10.9% on-year in the January-August period. Median forecasts in surveys of economists by Bloomberg News had foreseen industrial output growing 6.5%, retail sales expanding 10.6% and fixed asset investment rising 11.2%.