Drive China: China and Asset Investment

drive china: Key points Japan GDP grows 0.5pc for the quarter, 2.2pc annualised China industrial production steady, retails sales growth slows, fixed asset investment up Rebound in private investment helps drive China The regular monthly release of key economic data from China National Bureau of Statistics showed industrial production grew at an annualised pace of 6.1 per cent in October, according to Australian Broadcasting Corporation. That was in line with a month earlier, but below expectations given stronger manufacturing surveys recently and the fact it was coming off a low base. Brett Worthington Map China The two big Asian economies have produced a rather mixed bag of economic news with still little evidence of a pick-up in China economy, while Japan has surprised with a spurt of export driven growth. Retail sales were surprisingly weak, growing at 10 per cent over the year, but well down on the 10.7 per cent growth recorded in September. Capital Economics China economist Julian Evans-Pritchard noted the headline figures for industrial production are probably a bit like GDP data - too stable to be entirely trusted. On the other hand, fixed asset investment FAI - which is a proxy for construction and infrastructure spending - held up better than expected, growing at 8.3 per cent in the year-to-date, a marginal acceleration on the 8.2 per cent reported in September. (news.financializer.com). As reported in the news.