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China's August Data to Show Recovery - Yicai

CHINA PRESS
MNI (Singapore)

China's economy will continue a gradual recovery over coming months as Covid outbreaks are controlled, Yicai.com reported, citing a poll of 18 economists. Industrial output may accelerate moderately to around 4% in August from July’s 3.8%, as heat wave-related power rationing may deduct less than one percentage point from industrial electricity use. The median forecast for fixed-asset investment growth in the first eight months is 5.46%, lower than the prior 5.7%, as weakness in property and manufacturing investment offsets expanding infrastructure investment. Consumption growth may rebound to 3.83% from July’s 2.7% due to improved car sales in H2.

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