China Industrial Output Up 9.3% in April on Year

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China's annual industrial output growth quickened to 9.3 percent in April, recovering from a seven-month low hit in March but still missing market expectations, data showed on Monday.

Fixed-asset investment, an important driver of economic activity, grew slower-than-expected at 20.6 percent in the first four months of 2013 compared to the same period a year ago.

Economists polled by Reuters had forecast annual April industrial production growth of 9.5 percent and a 21 percent rise in fixed asset investment in the first four months from a year earlier.

Retail sales was the only piece of data that met market expectations,
growing 12.8 percent in April from a year ago.

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