Smoke billows from a factory on the outskirts of Shenyang, northeast China's Liaoning province. Photo: Reuters
China ‘yet to hit bottom’ as economic downturn plumbed new depths in October
- October’s data has dashed the hope that the worst is behind the Chinese economy, with analysts suggesting tougher times lie ahead
- Trade war with the US is a major impediment to investment and manufacturing, with ‘phase one’ deal offering no more than ‘optimism’
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China economy
Smoke billows from a factory on the outskirts of Shenyang, northeast China's Liaoning province. Photo: Reuters
China’s industrial production, a measure of growth in sectors such as manufacturing, mining and utilities, expanded by 4.7 per cent cent last month, down from 5.8 per cent in September. Photo: Bloomberg
China’s economic slump continues as manufacturing growth slows sharply, investment growth hits 20-year low
- Industrial production grew by 4.7 per cent in October, down from 5.8 per cent in September, and below analysts’ forecasts
- Retail sales and fixed asset investment growth also declined in October, as pressure builds on Beijing to arrest the downturn in the economy
Topic |
China economy
China’s industrial production, a measure of growth in sectors such as manufacturing, mining and utilities, expanded by 4.7 per cent cent last month, down from 5.8 per cent in September. Photo: Bloomberg