The growth of industrial production and consumer retail in July in China is lower than expected, showing that Beijing still needs to add assistance measures to boost the stagnant economic situation.
The latest data released by the National Bureau of Statistics of China on Tuesday (August 15) shows that China's industrial production growth increased by 3.7%year -on -year and decreased by 0.7%year -on -month.Below a 4.4%estimated valuation of an analyst of Reuters.
The growth of retail sales of social consumer goods in July in China rose 2.5%year -on -year, a decrease of 0.6%month -on -month, and below the analyst's increase of 4.5%.
The growth of fixed asset investment in China from January to July increased by 3.4%year -on -year, lower than the estimated value of an analyst by 3.8%.China's investment growth of fixed assets from January to June increased by 3.8%year -on -year.
According to the data from the National Bureau of Statistics of China, China's real estate investment in July has declined for 17 consecutive months.
China's real estate development investment in July decreased by 17.8%year -on -year, and the real estate development investment in June fell 20.6%year -on -year.China's real estate development investment area in July decreased for 25 consecutive months, a year -on -year decrease of 23.9%, and a decrease of 28.1%month -on -month.
Before the latest data of the National Bureau of Statistics of China, the People's Bank of China issued an announcement on Tuesday stating that it was the impact of factors such as the peak of the tax period and the maintenance of the banking system was reasonable and abundant.Yuan (RMB, the same below, about S $ 38.23 billion) open market reverse repurchase operations, and 401 billion yuan in mid -term loan convenience operations fully meet the needs of financial institutions.
The Bank of China reduced the policy interest rate twice within three months. In August, the interest rate of the mid -term borrowing (MLF) interest rate was reduced by 15 basis points. The seven -day reverse repurchase interest rate of the short -term policy interest rate also lowered 10 basis points.
The official website of the National Bureau of Statistics released the national economic data in July on Tuesday. The national urban survey rate of unemployment was 5.3%, but the data of the unemployment rate was not announced.The Bureau of Statistics announced that it will suspend the announcement of urban investigation unemployment rates in cities and towns in the country from August.
