Wednesday, November 10, 2004
Bloomberg
China's Industrial Production, Export Growth Slowed in October
China's industrial production growth slowed in October as government lending restrictions hurt sales of automakers including General Motors Corp. and exports flagged.
Production rose 15.7 percent from a year earlier after climbing 16.1 percent in September, the Beijing-based National Bureau of Statistics said on its Web site. Sedan car production fell 14 percent. Exports gained 29 percent, the smallest increase in nine months, the customs bureau said separately.
The figures suggest loan curbs ordered by Premier Wen Jiabao and slowing global demand are cooling the world's fastest-growing major economy. China's output growth still outpaced other Asian nations and economists including Joseph Lau say the central bank will probably raise interest rates further to rein in inflation.
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