Photo: COLOR CHINA PHOTO / AP
The growth of industrial production in China accelerated in August, while the growth of investment in fixed capital slowed, data from the Chinese government, extracts from which cites Associated Press.
Industrial production in August increased by 6.1 percent compared to 6 percent in July. The growth in the trade sector made up 9 per cent against 8.8 per cent a month earlier. At the same time, business investment in fixed capital grew by 5.3 percent compared to 5.5 percent in July.
Interviewed by the Agency’s economists attribute this trend with the desire of companies to increase revenues in the trade war. Available funds they prefer to invest in raw materials and not in the equipment. Also businesses want to have time to put more products before will be introduced additional duties, which may affect the goods for total amount in 200 billion dollars. Another reason is a fear of companies to increase their debt.
At the moment, the U.S. and China introduced a mutual duty that apply to goods totaling about $ 50 billion a year. In late August, the President of the United States Donald trump threatened to circulate them for goods with a volume of 200 billion already in September, but has not yet done so.
Video, photo All from Russia.