China’s economy showed tentative signs of stabilization in October with infrastructure investment and industrial production picking up, even as weak retail sales underscored strong downward pressure on output.
Industrial production gained a better-than-expected 5.9 percent from a year earlier, and fixed-asset investment rose 5.7 percent in the 10 months through October, exceeding an estimate of 5.5 percent. Those readings signal that government stimulus aimed at spurring infrastructure investment is finally passing through into the real economy.
