{"id":36586,"date":"2023-07-17T03:27:25","date_gmt":"2023-07-17T07:27:25","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/chinas-consumption-investment-cooled-further-in-june\/"},"modified":"2023-07-17T03:27:26","modified_gmt":"2023-07-17T07:27:26","slug":"chinas-consumption-investment-cooled-further-in-june","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=36586","title":{"rendered":"China&#8217;s Consumption, Investment Cooled Further in June"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230716-700979\" role=\"document\">\n<p>China&#8217;s consumption and investment cooled further in June, while the growth of the nation&#8217;s factory production accelerated, official data showed Monday.<\/p>\n<p>China&#8217;s retail sales, a key metric for the country&#8217;s consumption, rose 3.1% from a year earlier in June, down sharply from a 12.7% on year increase in May, the National Bureau of Statistics said.<\/p>\n<div class=\"paywall\">\n<p>The result undershot the 3.2% growth expected by economists polled by The Wall Street Journal.<\/p>\n<p>Industrial production grew 4.4% from a year earlier in June, higher than the 3.5% increase in May and the 3.0% growth anticipated by surveyed economists.<\/p>\n<p>Fixed-asset investment rose 3.8% in the January-June period from a year ago, down from a 4.0% increase in the first five months. Economists surveyed expected FAI to grow 3.4%.<\/p>\n<p>China&#8217;s urban surveyed unemployment stayed unchanged at 5.2% in June, but the jobless rate for young workers aged between 16 to 24 rose to 21.3%, a new high.<\/p>\n<pre><\/pre>\n<p>Write to Singapore Editors at singaporeeditors@dowjones.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/china-s-consumption-investment-cooled-further-in-june-fdda61d9?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s consumption and investment cooled further in June, while the growth of the nation&#8217;s factory production accelerated, official data showed Monday. China&#8217;s retail sales, a key metric for the country&#8217;s consumption, rose 3.1% from a year earlier in June, down sharply from a 12.7% on year increase in May, the National Bureau of Statistics said. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-36586","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China&#039;s Consumption, Investment Cooled Further in June | iFintechWorld<\/title>\n<meta name=\"description\" content=\"China&#039;s consumption and investment cooled further in June, while the growth of the nation&#039;s factory production accelerated, official data showed Monday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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