Published:
China's industrial production jumped 10.4%
Chinese economy drawing more surprises.
According to OSK, China's industrial production increased 10.4% from 9.7% a month ago in July.
Here's more:
Retail sales rose 13.4% year-on-year last month, and government spending on infrastructure increased shot up to 20.3% in the first eight months of the year.
Additionally, just two days ago, China reported a better-than-expected 7.2% rise in exports, against market consensus of 6%. All these economic data suggests that the Chinese economy is now back on track, with all indicators surprising on the upside.
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