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China industrial output rises 8.7% on-year in April: govt

BEIJING - China's industrial output increased by 8.7 per cent year-on-year in April, official data showed Tuesday, edging down from 8.8 per cent a month earlier as the world's second-largest economy loses steam.

Fixed-asset investment, a main measure of government spending on infrastructure projects, rose by 17.3 per cent year-on-year in the January-April period, slowing from 17.6 per cent in the first quarter of the year, the National Bureau of Statistics said.

Retail sales, a gauge of consumer spending in the country, increased by 11.9 per cent last month from a year ago, it said, down from an increase of 12.2 per centin March.

AFP




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