Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Weaker-than-expected China April Investment, Retail Sales Cloud Economic Outlook

Published 15/05/2018, 03:06 pm
Updated 15/05/2018, 03:32 pm
© Reuters.

Investing.com – Fixed asset investment in China rose 7% in the first four months of 2018 from a year earlier, compared to the general consensus of a 7.4% gain, official data showed on Tuesday, suggesting that the country’s economy might be losing steam.

Meanwhile, retails sales grew 9.4% from a year earlier, compared to the estimates of 10.0%. Property sales growth also softened to 1.3% in January-April, down from 3.6% in January-March, National Bureau of Statistics (NBS) said in a statement.

On the other hand, industrial production output gained 7.0% in April, the NBS said, outperforming the general consensus of 6.4%.

The statistics bureau noted that the industrial output data showed the China-U.S. trade frictions have yet to show any significant impact on China’s economy.

The two nations are set to resume trade talks this week, as China’s top economic official Liu He arrives in Washington on Tuesday for trade discussions with U.S. Treasury Secretary Steven Mnuchin that would run until Saturday. Reports suggested that Liu might be ready to offer U.S. companies easier access to Chinese markets.

The news came after the U.S.’s request of a more precise timetable on when and how China would open up its markets, as U.S. Ambassador to China Terry Branstad said on Tuesday that the two countries are still "very far apart" on resolving trade frictions.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.