BUSINESS China’s overall economic activities in April stays in reasonable range: official data

BUSINESS

China’s overall economic activities in April stays in reasonable range: official data

People's Daily app

10:09, May 15, 2019

Statistics show that China’s overall economic activities in April stayed in reasonable range and the trend of steady growth remained unchanged, said Liu Aihua, spokesperson of China's National Bureau of Statistics (NBS).

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(File Photo: VCG)

industrial output

China's value-added industrial output, an important economic indicator, expanded 5.4 percent year on year in April, official data showed Wednesday.

The rate was down by 3.1 percentage points from March, but 0.1 percentage points faster than the first two months.

property investment

China's real estate investment increased 11.9 percent year on year in the first four months of this year.

The growth was faster than the 11.8-percent expansion recorded in the January-March period.

retail sales

China's retail sales of consumer goods rose 7.2 percent year on year in April.

The growth narrowed from an increase of 8.7 percent registered in March.

fixed-asset investment

China's fixed-asset investment (FAI) grew 6.1 percent year on year in the first four months of 2019, retreating 0.2 percentage points from the first quarter.

The pace quickened from the 5.9-percent annual growth last year, the NBS data showed.

(With input from Xinhua)

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