China’s Industrial Output on the Rise
With a 9.6% growth in October, China's industrial output is growing quickly with every passing day.
The country is expected to rebound in the fourth quarter this year. Earlier in September, China recorded 9.2% growth and October forecast a 9.4%. Ahead of the expectation, the growth was recorded to be 9.6% in the month.
World's largest economy saw slowest growth period since last three years almost but the trend is changing quickly now. Retail sales rose by 14.5%, again against the expectations of 14%.
Inflation came down to slowest in three years in October. The consumer price index (CPI) rose by 1.7%, as per the reports that were released on Friday.
In the fourth quarter, China expects to rebound to 7.7% as per the analysts polled by Reuters. "I don't expect any easing in monetary policy until the end of this year because it would be unnecessary as the economy is recovering", said Yao Wei, a China's economist at Societe Generale in Hong Kong.
The government has decreased the interest rates twice since June and also decreased the money to be kept reserved by the banks. However, the world's largest economy is not expected to announce any big stimulus program while government needs to worry about the price of consumer prices, as of now.
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