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Chinese industrial output shows 4.8 percent annual growth


Chinese industrial production increased in July compared to a year earlier, but slightly less than expected. This was confirmed by the National Statistical Office on Friday.

Production increased by 4.8 per cent on an annual basis, where economists in general expected growth of 5.2 per cent. According to experts, the data show that the Chinese economy is able to focus cautiously after the coronacrisis, although the figures are still soft.

In addition, retail sales decreased by 1.1% last month. Here, experts counted on a growth rate of 0.1 percent. This shows, according to market experts, the fragility of consumer confidence. Investment fell by 1.6% in the first seven months of the year, similar to the forecast.

Written by: Harry Adams

Harry Adams is a political expert who has been working for various publications under pseudonyms for 11 years. He loves sarcasm and a rigid presentation of the material without decorations.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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