Chinese factory output shows resilience to rise 5.3pc
China's value-added industrial output increased by 5.3 percent year on year in the first eight months of 2026. Retail sales of goods and services, a major indicator of the country's consumption strength, increased by 2.5 percent, fixed-asset investment dropped 7.2 percent and the surveyed urban unemployment rate averaged an unchanged 5.2 percent. For the month of August, output grew 5.2 percent from a year earlier, quickening from a 4.5 percent increase in July and beating expectations for a 4.8 percent rise, data released by the National Bureau of Statistics showed on Tuesday. Retail sales rose 0.4 percent, slowing from a 0.6 percent gain in July and below an expected 0.8 percent rise. The figures underline the continuing mismatch between resilient production and exports on one hand, and fragile household consumption and investment on the other, and raised the stakes for more stimulus measures to address the weaknesses in the economy. Extreme weather likely remained a drag on activity. Four typhoons made landfall in China during August, disrupting operations in the east-coast manufacturing and logistics belt. Beijing has responded with faster government bond issuance and expanded loan interest subsidies for small private firms and consumers, while the central bank has pledged additional policy support without signalling...
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