CHINA (Reuters) — Economic indicators show stable growth in the Chinese economy in April.
The National Bureau of Statistics (NBS) released the economic data of industry, retail sales, investment and service industry in Beijing on Monday.
China’s value-added industrial output, an important economic indicator, expanded 6.5 percent year on year in April, 0.5 percentage points higher than the same month of last year, according to the NBS.
China’s retail sales reached 2.73 trillion yuan in April, up 10.7 percent year on year, 0.6 percentage points faster than the same month in 2016, according to NBS data.
Fixed-asset investment hit 14.43 trillion yuan up 8.9 percent year on year and private investment reached 8.8 trillion yuan, up 6.9 percent year on year, accounting for 61 percent of the total investment, according to NBS statistics.
The production index of the service industry grew 8.1 percent year on year in April and 8.2 years on year in the first four months, according to the NBS. Industries that include software and information technology, transportation and rental business are shown to have grown at a fast pace.
