Beijing - Output at China's factories,
workshops and mines slowed in July, official data showed on Thursday,
in a sign of weakness in the world's second-largest economy despite
government efforts to boost growth.
Industrial production rose 9.2% last
month, the National Bureau of Statistics said, compared to an
increase of 9.5% year-on-year (y/y) in June.
Output for the first seven months of
2012 rose 10.3%, the National Bureau of Statistics said.
Separately, retail sales, the main
gauge of consumer spending, also slowed, rising 13.1% in July
compared with the same month last year, the bureau said.
Retail sales had gained 13.7% in June.
They rose 14.2% (y/y) in the first seven months of 2012.
China's economy grew 7.6% in the second
quarter from the same period the year before to log its worst
performance since the depths of the global economic crisis in
Authorities have taken measures
including slashing interest rates and loosening restrictions on bank
lending to boost growth, which has been dented by weakness in
overseas economies including the European Union, a key trading
Also Thursday, the bureau said that
China's urban fixed asset investments rose 20.4% in the first seven
months of 2012 compared with the same period the year before.
Fixed asset investments are a key
measure of government spending on infrastructure.
Earlier, the bureau said that China's
inflation slowed in July to a two-and-a-half-year low.
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