產業結構調整 中國7月工業產出略低於預期

China's industrial growth engine increased output slightly less than economists had forecast in July, amid a sharp drop in new lending and a property downturn.

7月份，中國工業產出增長略低於經濟學家預期。

Output rose by 9 per cent, year on year, last month. Analysts had forecast growth of 9.2 per cent, the same level as in June.

中國工業產出當月同比增長9%，而此前分析師預計增幅將達到9.2%，與6月份持平。

Data out earlier on Wednesday showed new Chinese lending has fallen unexpectedly to its lowest since October 2008.

週三早些時候公佈的數據顯示，中國新增貸款出人意料地跌至2008年10月份以來的最低水平。

Output has stayed resilient, however, as the Beijing government has reverted to tried-and-tested ways of juicing up growth as policy makers strive to meet a 7.5 per cent GDP growth target for 2014.

而中國工業產出相對依然堅挺，這是因爲中國決策者想努力實現2014年國內生產總值(GDP)增長7.5%的目標，爲此又拿出久經考驗的老辦法：刺激措施。

Recent stimulus measures have included a programme to extend credit to agricultural and small businesses. Meanwhile, a host of cities that previously had purchasing limits for properties have relaxed them.

近期推出的刺激性舉措包括向農業企業及小企業發放貸款，同時很多城市放寬了房產限購政策。

Retail sales also rose at a slower rate than analysts expected in July, gaining 12.2 per cent against forecasts for a 12.5 per cent increase.

此外，7月份社會消費品零售總額同比增長12.2%，也低於分析師給出的12.5%的預期。