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August economic data beats expectations

A slew of economic data is out from China’s National Bureau of Statistics, widely beating expectations.

Fixed-asset investment growth was unchanged at 8.1 percent in the January-August period, slightly better than market expectations. Real estate investment rose 5.4 percent over January to August, while the property sales area increased 25.5 percent.

Industrial output rose at the fastest pace since March at 6.3 percent in August, also surpassing analysts’ estimates. Retail sales gained 10.6 percent in August year-on-year, also beating expectations.