However, we must be aware that China is at a pivotal stage for transforming the growth model,” she said, adding that “problems of unbalanced and insufficient economic development was acute”.The readings follow a surge in factory price figures last week.3 percentage points from September and also short forecasts of 10.Trade data last week showed import and export numbers had softened slightly in October.3 per cent in a Bloomberg News survey. Factories also closed during last months Communist Party congress, during which President Xi Jinping called for more efforts to protect the environment.Beijing: Chinas industrial output slowed in October, official data showed on Tuesday, as authorities fight smog by clamping down on pollution produced by heavy industries. Fixed asset investment grew 7.”Generally speaking, the national economy maintained stable performance with improved quality and sound momentum,” NBS spokeswoman Liu Aihua told reporters.”
China still intends to strike a balance between growth, debt and leveraging,” Zhou Hao, an economist at Commerzbank AG in Singapore told Bloomberg News. The clean-air policy, which has been stepped up going into shower panels for sale the winter when pollution worsens, has led to tighter supplies and in turn lifting prices.The government has moved to wind down production at some steel factories and smelters in a drive to clean up the countrys smog-ridden cities.The government is also pushing to make domestic demand a growth driver of the worlds second largest economy and make China less reliant on manufacturing and exports.NBS data showed growth in retail sales slowed to 10 per cent in October, down 0.”Disruptions from the anti-pollution crackdown in the north-east of the country probably contributed too,” he said.6 per cent in September and below a forecast of 6.Output at factories and workshops expanded 6.This months figures follow a string of positive indicators suggesting the economy is stabilising, with gross domestic product tipped to grow at a faster pace than the governments target this year.”A cooling property sector and slightly softer foreign demand weighed on the economy last month,” Capital Economics analyst Julian Evans-Pritchard wrote in a research note.However, “these drags continue to be partly offset by still strong infrastructure spending”.
MAVAW (ZHEJIANG) SMART