Caixin
ECONOMY

China’s Economic Growth Slows as Property, Industrial Output Cool

By Fran Wang
An analyst told Caixin that tightened monetary and financial policies, in addition to government-madnated production cuts driven by pollution targets, have played major a role in slowing the Chinese economy. Photo: Visual China
An analyst told Caixin that tightened monetary and financial policies, in addition to government-madnated production cuts driven by pollution targets, have played major a role in slowing the Chinese economy. Photo: Visual China

The Chinese economy showed more signs of slowing down in October as industrial activity was hit by the government’s anti-pollution policies and weakened exports while a cooling property market took its toll on investment and on sales of housing-related goods.

Value-added industrial output, which measures production at China’s factories, mines and the utility sector, rose 6.2% last month from a year ago, down from an increase of 6.6% in September, data released by the National Bureau of Statistics (NBS) on Tuesday showed.

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