China’s economy continued to slow last month as efforts to cool the property market and reduce energy consumption began to bite, even as consumer price inflation rose further.
The rates of increase for industrial production, fixed asset investment and retail sales each fell last month, while new banks loans and money supply growth also slowed.
However, inflation jumped to 3.3 per cent, above the 3 per cent target the government has set for the year and up from 2.9 per cent the month before. In contrast, factory-gate inflation fell back to 4.8 per cent from 6.4 per cent.
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