China July Investment Seen Maintaining Strong Rebound: Daily

China's July manufacturing investment is likely to have kept a strong momentum, while infrastructure investment may also improve, the Economic Information Daily reported citing forecasts by securities firms and banks. Industrial output may have expanded 7.8% y/y in July, or 6.3% when compounded over the last two years compared with 2019, the newspaper said citing Chief Economist Li Chao of Zheshang Securities. July's retail sales was forecast to grow 11.9%, or 5.2% if averaged over the last two years, the daily cited Chief Analyst Zhang Yu of Huachuang Securities Research. The impact from the Covid-19 outbreaks in July were likely to be limited, Zhang was cited as saying.