Jun
13
China’s Economy Steadies Even as Investment Growth Slows
By-
Industrial output climbs 6%, retail sales increase 10%
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Fixed-asset investment rises 9.6%, missing analysts estimates
China’s economy steadied in May as factory production held up and consumers and the government offered support against diminishing growth in private investment, which has been hurt by declines in old-line industries such as coal.
Bloomberg’s monthly tracker for gross domestic product growth showed a 6.9 percent gain for May, little changed from April and comfortably within the leadership’s annual target for 2016. The gauge, updated after monthly data Monday, had swung from around 6.3 percent in the first two months of the year to 7.1 percent in March, when a lending spree juiced growth…
China’s Economy Steadies Even as Investment Growth Slows
