Ma­jor eco­nomic in­di­ca­tors drop to un­usual lows

China Daily (Canada) - - NEWSCAPSULE -

China’s eco­nomic growth in­di­ca­tors de­clined in the year’s first two months.

The Na­tional Bureau of Sta­tis­tics said that the year-on-year in­dus­trial out­put growth rate slowed to 8.6 per­cent in Jan­uary and Fe­bru­ary, down from 9.7 per­cent in De­cem­ber and 10 per­cent in Novem­ber. It fell to its low­est level since May 2009.

Growth of over­all fixedas­set in­vest­ment, which is seen as the strong­est driver of the world’s sec­ond-largest econ­omy, dropped to 17.7 per­cent dur­ing the first two months, com­pared with whole-year growth of 19.6 per­cent in 2013 and 18.2 per­cent in the fourth quar­ter. It reached a 13-year low for those same months.

To­tal re­tail sales in­creased by 11.8 per­cent, an eas­ing from 13.6 in De­cem­ber and 13.7 in Novem­ber, and was the slow­est pace for the pe­riod since 2004. (

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