BEIJING: China’s economy slowed further in October, signaling that policy makers’ piecemeal stimulus is failing to boost output and investment amid ongoing trade tensions with the U.S. and subdued domestic demand.
Industrial output rose 4.7% from a year earlier, versus a median estimate of 5.4%. Retail sales expanded 7.2%, compared to a projected 7.8% increase.Fixed-asset investment slowed to 5.2% in the first ten months, versus a forecast 5.4%. That was the lowest reading in comparable data back to 1998.Key Insights