国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / World

Retail sales up 23.2% in August

By Wang Xu | China Daily | Updated: 2008-09-13 08:21

Retail sales grew at close to the highest rate for at least nine years in August, while industrial output weakened.

Retail sales climbed 23.2 percent year-on-year in August to 876.8 billion yuan, the National Bureau of Statistics said on Friday. But the figure is slightly less than the 23.3 percent growth reported for July.

However, as consumer inflation dropped to 4.9 percent year-on-year in August, down from 6.3 percent in July, the real growth of retail sales could be estimated to be 17.9 percent year-on-year, according to Lehman Brothers' economist Sun Mingchun.

Meanwhile, industrial output growth fell sharply to 12.8 percent year-on-year in August, the lowest in six years.

Apart from coal production, all industrial sectors experienced a slowdown in August. Even the growth rate for motor vehicle production declined 3.3 percent from a year ago.

The sharp decline in industrial output growth, and strong retail sales are sending "mixed signals" about the actual state of the economy, said Sun. "As a result, we expect a series of targeted policies to mitigate the downside risks to economic growth, rather than a large one-off stimulus package, to be implemented gradually."

China's economy grew 10.1 percent in the second quarter, declining for the fourth consecutive quarter. An increasing number of economists say the government would take measures to bolster growth if the economy slows too much.

"Despite recent weakness in industrial production growth, we expect industrial activity to pick up with the re-opening of factories in Beijing and surrounding areas," JPMorgan's Chairwoman of China equities Jing Ulrich wrote in a research note.

The government required factories and other polluting industries in and around the capital city to suspend operation over the past months, in an effort to improve the air quality during the Olympic Games.

(China Daily 09/13/2008 page10)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
扎囊县| 张家港市| 承德市| 盐山县| 三原县| 广安市| 九江县| 建德市| 文山县| 郸城县| 高碑店市| 华坪县| 潍坊市| 吐鲁番市| 澄迈县| 临江市| 灌阳县| 广灵县| 沁阳市| 凤山市| 霍山县| 九寨沟县| 安义县| 马关县| 广平县| 广德县| 师宗县| 河津市| 淮南市| 珠海市| 桑日县| 车险| 怀化市| 庄浪县| 浑源县| 盖州市| 上杭县| 渑池县| 辰溪县| 梁平县| 美姑县|