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China investment growth slows to near 18-year low; output, retail also falter

Reuters  |  BEIJING 

By Kevin YaoBEIJING (Reuters) - China on Thursday posted its slowest growth in fixed-asset investment in nearly 18 years along with weaker-than-expected industrial output and retail sales, suggesting the economy may be starting to lose steam as lending costs rise.Fixed-asset investment, a key growth driver for the world's second-largest economy, grew 7.8 percent in the first eight months of the year, the weakest pace since December 1999 and cooling from 8.3 percent in January-July.Analysts had expected growth of 8.2 percent.Factory output also disappointed, rising 6.0 percent in August from a ...

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First Published: Thu, September 14 2017. 09:29 IST