China Consumption May Flip to Growth as Economy Improves: Daily

China's domestic consumption should return to growth as sales of automobiles grow, infrastructure projects accelerate and industrial production rises, reported the Economic Information Daily on Monday. Retail sales for August are estimated to have risen by 1.0% y/y due to surging sales of automobiles and increasing online purchases, the Daily said citing analysts. Infrastructure investment for the first eight months may also reverse falls to grow 0.8% y/y, driven by funding from local government special bond sales and a resumption in construction activities after stoppages due to summer heat and flooding, the Daily said citing researcher Li Tao of China Securities. August industrial output may have gained 6.5% y/y, compared to July's 4.8%, analysts told the newspaper. The statistics authority is set to publish the August data on Tuesday.