2017.12.1323:47:00UTC+00China’s November Factory Production and Retail Sales on Steady Footing

China's industrial production and retail sales increased at a stable pace in the previous month, while fixed-asset investment growth slowed, another indication of a moderate slowdown in the country's economy amid a government clampdown on risks to the financial system.

Data released on Thursday showed industrial output increased 6.1 percent in November from a year prior, slightly above analysts' average estimate of a 6.0 percent rise and lower than the previous month's 6.2 percent increase.

Tighter policies on polluting factories have also affected production, while higher borrowing costs have repercussions on overall economic activity.

Meanwhile, retail sales rose at an annual rate of 10.2 percent in November year-on-year, in line with estimates. Retail sales expansion has remained in the 10 to 11 percent range for the last two years. Analysts had estimated it would rise by 10.2 percent, slightly up from the prior month.

Data published also showed fixed-asset investment by state companies increased 11.0 percent in January to November, accelerating from 10.9 percent in the first 10 months of the year. Meanwhile, growth of private investment weakened to 5.7 percent from 5.8 percent in January-October of the year.