Rising Stability Eases Need for Fresh Stimulus

With industrial output and retail sales growing and inflation in check, data shows mainland is back on course for 7.5% annual growth target.

Industrial output was upt 9.7% year on year, against 8.9% in June, whilst fixed-asset investment growth of 20.1% year on year between January and July underpinned domestic activity.

Inflation remained restrained, with consumer prices rising 2.7% year on year last month, less than analysts had expected.

At the same time, retail sales growth remained comfortably in double digits, up 13.2% on the same period a year ago.

~ SCMP, August 10, 2013 ~

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