Asia-Pacific News

China's November investment growth slows, industrial output beats expectations

Key Points
  • China's fixed-asset investment grew 7.2 percent year-on-year in the January-November period, official data showed Thursday
  • The country's industrial output rose 6.1 percent year-on-year in November
  • Retail sales in the world's second-largest economy increased 10.2 percent year-on-year in November
Children holding Chinese national flag play in Tiananmen Square in Beijing, China.
China Photos | Getty Images

China's fixed-asset investment growth slowed to 7.2 percent in the January-November period, while industrial output expanded at a faster pace than markets had expected.

Analysts polled by Reuters had correctly predicted investment growth of 7.2 percent, cooling from the 7.3 percent rate in the Jan-Oct period.

Private sector fixed-asset investment rose 5.7 percent in January-November, down from the first 10 months of the year.

Industrial output rose 6.1 percent in November from a year earlier, the National Bureau of Statistics said on Thursday, surpassing analysts' estimates for a rise of 6.0 percent. In October, output increased 6.2 percent.

Retail sales gained 10.2 percent in November on-year, in line with expectations, in line with expectations, but slightly ahead of the prior month.

The world's second-biggest economy has defied market expectations with of 6.9 percent in the first nine months of the year, supported by a construction boom and robust exports.

But has shown signs of cooling in the past few months as Beijing extended a crackdown on financial risks, which has increased borrowing costs and weighed on new investment.