China's value-added industrial output expanded 6.9 percent year on year in August, down from the 9-percent growth in July, the latest data from the National Bureau of Statistics (NBS) showed on September 13.
On a monthly basis, the industrial output in August expanded by a fractional 0.2 percent from July. In the first eight months, total value-added industrial output grew 8.5 percent from the same period last year.
August marked the second monthly retreat of the growth rate after industrial output grew 9.2 percent in June, the largest increase since January.
"An obvious drop was seen in the growth of industrial output for August," said Jiang Yuan, a senior analyst with the NBS, citing reasons ranging from weak external demand to tempered growth of auto and cellphone production. |