China’s August Retail Sales, jump 7.6% YoY vs. 7.0% expected and 5.5% previous, the latest data published by the National Bureau of Statistics (NBS) showed Wednesday.
“It can be concluded that investment activity is not yet broad-based. It is in limited pockets. In terms of overall share, around 43% of the industries by size of fixed assets performed better than the average. Five major sectors, however, continue to trail, which includes power and telecom,” said Madan Sabnavis, chief economist of Bank of Baroda.