China industrial production holds up as property investment slows

China industrial production holds up as property investment slows

China’s data released on Wednesday showed that both industrial production and retail sales held up in May, while fixed-asset investment eased.

Industrial production gained an annualized 6.5 percent in May, unchanged from the previous month. Analysts had predicted a 6.4 percent increase.

During the same period, retail sales edged up 10.7 percent, below forecasts of 10.8 percent.

Property investment soared 8.6 percent, compared to a previous of 8.9 percent, coming below median estimates of 8.8 percent.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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