China's industrial production and China's retail sales posted better than expected results, but the main investment gauge fell to a new record, highlighting the challenges facing China in its bid to boost the economy against U.S. tariffs.
The data, combined with earlier weaker readings on trade and credit growth, reinforce views that the Chinese economy is calming but not prone to a sharp slowdown so far.
Industrial production rose by 6.1 percent in August from a year earlier, slightly higher than expected and better than July, according to data from the National Bureau of Statistics. Retail sales rose by 9% on a yearly basis in August against expectations of a 8.8% rise, unchanged from July's reading.
Investment growth in fixed assets slowed to 5.3% in the January-August period compared to the same period last year as it fell again due to slower infrastructure growth. Investment in fixed assets of the private sector rose by 8.7%, private investment accounted for about 60% of total investment in China.
