Chinese data showed today, Monday, that industrial production in the country rose by 6.3% during the month of September, on an annual basis.
The data revealed that industrial production in China during the past month exceeded a large percentage of analysts' expectations, which were referred to by Reuters at 4.5%.
During the previous September, industrial production in China saw auto manufacturing increase by nearly 24%, while the country produced more than twice the number of new energy vehicles compared to last year.
Manufacturing activity has been a source of strength lately...the big picture is still that the economy is operating well below potential this year, Andrew Tilton, chief Asia Pacific economist at Goldman Sachs, told CNBC Arabia.
On the other hand, investment in fixed assets in the People's Republic of China increased by 5.9% in the first three quarters of this year, which is slightly below the Reuters forecast of 6%.
While investment in real estate in China decreased by 8% during that period, which is more than the 7.4% annual decline recorded during the first eight months of the year.
Infrastructure investment in China accelerated to date by 8.6% year on year as of last September, from 8.3% as of the previous August.
