Growth in fixed asset investment in China slowed more than expected in October as spending by both the state and private sector edged lower, while retail sales and industrial output also softened more than expected.
随着国有和民间部门的支出增长双双放缓,10月份中国固定资产投资增速放缓幅度超出预期,社会消费品零售总额和工业增加值增长的放缓幅度同样超出预期。
Urban fixed-asset investment grew 7.3 per cent in the first ten months of 2017, according to figures from China’s National Bureau of Statistics, down from a pace of 7.5 per cent in the year through September and missing a median forecast of 7.4 per cent from economists polled by Reuters.
中国国家统计局数据显示,2017年头10个月,全国城市固定资产投资同比增长7.3%,低于今年头9个月7.5%的增速,也低于路透(Reuters)所调查的经济学家给出的7.4%的预测中值。
The latest reading on business investment marked a new low for 2017 and inched closer to a near-18-year low of 6.3 per cent touched in December 1999. Investment by state-run companies to the end of October was rose 10.9 per cent, down from the previous reading of 11 per cent, while that at private companies grew 5.8 per cent for the period, softening from 6 per cent at the end of September.
这项衡量企业投资的指标的最新读数创下2017年以来的新低,而且朝着1999年12月创下的将近18年的低点6.3%又迈进了一步。今年头10个月,国有控股企业的投资同比增长10.9%,比今年头9个月11%的增速要低;民间投资同比增长5.8%,比头9个月6%的增速也要低一些。
Retail sales growth also disappointed, dipping 0.3 percentage points to 10 per cent from a month earlier and missing expectations of a rise to 10.4 per cent. Sales at larger businesses slowed to 7.2 per cent from 7.8 per cent in September.
社会消费品零售总额增速也令人失望,10月份的零售总额同比增长10.0%,较9月份的增速低0.3个百分点。其中,限额以上单位消费品零售额增长7.2%,低于9月份7.8%的增速。
Industrial production came in lower than anticipated as well, with 6.2 per cent year on year growth in October reflecting a drop of 0.4 percentage points from a month prior and coming in below a median estimate of a less marked slowdown to 6.3 per cent.
10月份规模以上工业增加值增速也不及预期,同比增长6.2%,比9月份的增速低0.4个百分点,也低于预测中值6.3%。