Retail sales rose by 5.4 per cent in August, above an expected rise of 4.2 per cent and up from the 2.7 per cent growth in July. Photo: Xinhua
Retail sales rose by 5.4 per cent in August, above an expected rise of 4.2 per cent and up from the 2.7 per cent growth in July. Photo: Xinhua

China’s economy shows signs of recovery with upbeat retail sales and industrial production, but ‘pessimism prevails’

  • Industrial production rose by 4.2 per cent in August from a year earlier, while retail sales rose by 5.4 per cent last month
  • Fixed-asset investment rose by 5.8 per cent in the January-August period, while the surveyed jobless rate stood at 5.3 per cent last month

Retail sales rose by 5.4 per cent in August, above an expected rise of 4.2 per cent and up from the 2.7 per cent growth in July. Photo: Xinhua
Retail sales rose by 5.4 per cent in August, above an expected rise of 4.2 per cent and up from the 2.7 per cent growth in July. Photo: Xinhua
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