BEIJING (Reuters) - China’s industrial output grew significantly slower than expected in October, as weakness in global and domestic demand and the drawn-out Sino-U.S. trade war weighed on activity in the world’s second-largest economy.
Industrial production rose 4.7% year-on-year in October, data from the National Bureau of Statistics released on Thursday showed, below the median forecast of 5.4% growth in a Reuters poll.
Indicators showed other sectors also slowing significantly and missing forecasts with retail sales growth back near a 16-year trough and fixed asset investment growth the weakest on record.
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WNU Editor: There is even more gloom and doom among the Chinese think tanks when it comes to their economy .... Chinese Think Tank Becomes First Official Body To Predict 2020 GDP Will Drop Below 6% (Zero Hedge).