.China Industrial Output Growth Weakens on Curbs; Inflation Rises to 3.3%

China’s industrial output grew the least in 11 months in July as the government cracked down on real-estate speculation, curbed credit and closed factories to meet energy-efficiency targets.

Production rose 13.4 percent from a year earlier, the statistics bureau said in Beijing today. Inflation quickened to 3.3 percent, the fastest in 21 months, boosted by a low year- earlier base for comparison and rising food costs.

Data released today mainly showed growth slowing across the world’s third-biggest economy, from retail sales and new lending to investment in fixed assets. Weaker demand in China may restrain the expansions of economies across Asia, with Japan’s government saying yesterday that the nation’s industrial output may suffer.

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- Posted: 2010-08-10 22:06:51

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