Mainland Industry Losing Steam

Mainland Industry Losing Steam


Industrial output on the mainland grew last month at the slowest pace in three years, pointing to a worsening slowdown in the economy, official figures showed yesterday.


Meanwhile, price inflation rose for the first time in five months, which could make it more difficult for the central government to take stimulative measures.


The CPI rose to 2% last month from 1.8% in July, data released by the National Bureau of Statistics showed.


Industrial output, a key barometer of GDP, expaned at 8.9% year on year.  That was the slowest pace since May, 2009.


~SCMP, September 10, 2012~

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