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China loses steam as October factory output growth slows

China's exports and import growth both eased in October, while the smog war dragged on manufacturing activity last month.

Reuters  |  Beijing 

China's industrial output cooled last month, while fixed asset investment and retail sales grew slower than expected, suggesting the economy may be loosing some steam as the government cracks down on debt risks and pollution. Industrial output rose 6.2 percent in October from a year earlier, missing analysts' estimates of a 6.3 percent gain and down from a 6.6 percent increase in September. Fixed-asset investment growth slowed to 7.3 percent in the January-October period, the National Bureau of Statistics (NBS) said on Tuesday. Analysts had expected an increase of 7.4 ...

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First Published: Tue, November 14 2017. 08:21 IST