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Despite output surprise, China's growth looks set to cool further

Growth in hi-tech products like semiconductors and industrial robots slowed sharply

Reuters  |  beijing 

China's growth looks set to cool further in coming months, with a barrage of August economic data doing little to dispel views that domestic demand is softening and government support measures will take some time to kick in. While industrial output and retail sales readings on Friday were better than expected, most other indicators over the past week were more downbeat, with a key investment gauge falling to a fresh low and broad credit growth the slowest on record. Two other bulwarks of the economy are also starting to look a bit shaky, with exports expected to succumb to ...

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First Published: Fri, September 14 2018. 12:36 IST