Chinese industrial data shows healthy growth but lazy pace of expansion: Report

A report has revealed that China's industrial production and sales in July have although increased in comparison to the last year but the pace of expansion has decreased.

While industrial production jumped to nine percent in July versus 9.2 percent in June, retail sales rose by 12.2 percent in July as opposed to 12.4 percent in June, reported the BBC.

Hu Yuexiao, a Chinese analyst said that loosening measures like, interest rate cut, cutting red tape to attract investors, may be employed to ensure a steady economic growth in the coming months.

The data has raised doubts about China meeting its targeted annual growth rate of 7.5 percent.