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REPEAT: China July Below-Expected Data Show Growth Slowdown

Repeats Story Initially Transmitted at 02:20 GMT Aug 14/22:20 EST Aug 13
     Data released Monday by the National Bureau of Statistics:
                 Industrial Output  Retail Sales  Fixed-asset Investment
------------------------------------------------------------------------
July                           6.4          10.4                     8.3
Forecast Median                7.0          10.7                     8.6
Previous                       7.6          11.0                     8.6
     All figures year-over-year % changes.
     INDUSTRIAL OUTPUT
     China's industrial output rose 6.4% year-on-year in July, much lower than
the 7.6% year-on-year increase in June. The July result was below the MNI survey
median forecast for a 7.0% rise.
     Output rose 0.41% month-on-month in July, a sharp slowdown from the gain of
0.79% m/m in June.
     RETAIL SALES
     Retail sales rose 10.4% year-on-year in July, lower than the MNI survey
median forecast for a 10.7% gain and slower than the 11.0% growth rate in June.
     On a month-over-month basis, retail sales rose 0.73% in July, down from the
gain of 0.91% in June.
     FIXED-ASSET INVESTMENT
     Fixed-asset investment rose 8.3% year-over-year in the first seven months
of 2017, slowing from the 8.6% gain posted in the January-to-June period. The
January-to-July figure was lower than the MNI survey median for a 8.6% increase.
     On a month-over-month basis, fixed-asset investment rose 0.61% in July,
down from the gain of 0.68% in June.
     Property investment in the first seven months rose 7.9% year-on-year, below
the 8.5% gain in the first half and the lowest since the January-December 2016
reading, when it was 6.9%.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com

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