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China’s Economy slows as retail, factories and investment fade

USDJPY News by Newsroom on 23:05 November 13, 2017 EST

China’s industrial output was soft last month, while fixed asset investment and retail sales grew at a lower pace than anticipated, suggesting the economy may be loosing some steam at the end of the year as the government tries to reduce debt risks.

Investments in fixed-asset grew at 7.3 percent in the January-October period, the National Bureau of Statistics (NBS) said on its latest report on Tuesday. A 7.4 percent increase was expected. Growth of private investment slowed to 5.8 percent from 6 percent in the first 3 quarters of 2017.

China’s exports and import growth both eased in October. The data hints the world's second-largest economy may have peaked in the first half of this year, having grown at a 6.9% year-on-year pace in the first and second quarters.

The Shanghai Composite dipped 0.37% and the Hang Seng index fell 0.02%. Japan's Nikkei 225 rose 0.27%, while Australai's S&P/ASX 200 fell 0.86%.