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China's Industrial Output Expanded Past in April

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Core prompt: According to the data from National Bureau of Statistics, China's industrial output expanded at a faster rate in April to 9.3 percent year-on-year, up from 8.9 percent in March. Month-on-month

According to the data from National Bureau of Statistics, China's industrial output expanded at a faster rate in April to 9.3 percent year-on-year, up from 8.9 percent in March.

Month-on-month growth in April, which reached 0.87 percent, was the fastest since May 2012, showing that factory output has rebounded slightly.

During the first four months of 2013, industrial output increased by 9.4 percent year-on-year, according to the bureau.

The western region saw the fastest industrial growth rate of 10.8 percent, 1.4 percentage points higher than the central areas and 1.9 percentage points above the eastern region.

In line with rebounding industrial production, power generation also picked up in April to 6.2 percent, from a seven-month low of 2.1 percent in March, according to the bureau.

Growth in total retail sales of consumer goods in April accelerated to 12.8 percent, a three-month high, compared with 12.6 percent in March.

But growth in fixed-asset investment declined from January to April from 20.9 percent to 20.6 percent. It was 21.2 in the first two months.

Property market restrictions may take their toll on fixed-asset investment, and it may remain weak in the coming months, a report from Moody's Analytics Inc said on Monday.

 

Written by Nicolas Yang

 
 
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