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PHOTO FILE: An employee is working on a fiber optic cable production line at a Zhejiang Headway Communication Equipment Co plant in Huzhou, Zhejiang Province, China on May 15, 2019. REUTERS / Stringer
BEIJING (Reuters) – China's industrial output rose 6.3 percent in June from a year earlier, according to official data released on Monday, rebounding from a 17-year low in May. to market expectations.
Analysts polled by Reuters announced an increase of 5.2%, against 5.0% in May.
Investments in fixed badets for the first half of the year rose 5.8% over the previous year, according to data released by the National Bureau of Statistics, while badysts forecast a 5.5% increase.
Private sector capital investment, which accounts for 60% of the country's total investment, increased 5.7% in January-June, compared to 5.3% in January-May.
Retail sales rose 9.8% in June. Analysts were expecting a slowdown in growth of 8.6% in May from 8.6% in May.
Chinese trading partners and investors keep a close eye on the health of the world's second-largest economy, as the one-year-long Sino-US trade war weighs heavily on business and investment, fueling concerns over the global recession .
Reporting by the Beijing Monitoring Bureau; Edited by Kim Coghill
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