China June industrial output up 6.3% year-on-year, beats forecasts, retail sales up 9.8%

FILE PHOTO: A labourer works at the Maanshan steel and iron factory in Hefei, Anhui province, March 9, 2010. REUTERS/Stringer/File Photo

BEIJING - China’s industrial output grew 6.3% in June from a year earlier, official data showed on Monday, picking up from May’s 17-year low and handily beating market expectations.Fixed-asset investments for the first half of the year rose 5.8% from a year earlier, according to data published by the National Bureau of Statistics, compared with a 5.5% rise forecast by analysts.

Private sector investment in fixed assets, which make up 60% of the country’s total investments, rose 5.7% in January-June, compared with a 5.3% rise in January-May. Retail sales for June rose 9.8% in annual terms. Analysts had expected growth to cool to 8.3% from May’s 8.6%. China’s trading partners and investors are closely watching the health of the world’s second-largest economy as the year-long Sino-U.S. trade war takes a heavier toll on businesses and investment, fuelling worries of a global recession.

China growth numbers come out lowest in 27 years market tanks more than 1% to downside. Release some fake retail and industrial output numbers and market turns green. fake

These CCP-approved figures are obviously suspect. However, living in China, I have seen nothing to make me think the economy is under strain.

These numbers are about as credible as Trump when he claims he has proof President Obama wasn't born in America.

Fake news

There is no transparency in Chinese data . They report what they want to report

Americas trade war is a joke

realDonaldTrump your trade war and tariffs are only hurting Americans.

Except that no one trusts their numbers

Yeah, those tariffs are really killing them.

Nice shot.

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