China’s July economic activities grow slower from a month ago

A flurry of important economic indicators were released on Monday, showing steady growth in China in July.

Data from the National Bureau of Statistics show that industrial output grew at 6.4 percent in July, slower than the previous month but better than the same period last year.

China's value-added industrial output grew 6.4 percent year on year in July, compared with the 7.6 percent increase for June.

Fixed-asset investment grew steadily at 8.3 percent year-on-year in the first seven months of this year, down from 8.6 percent for the first half this year.

Growth of investment in property sector shows signs of cooling down. The country's investment in property development expanded 7.9 percent year on year in the first seven months of this year.

Spokesperson of National Bureau of Statistics Mao Shengyong says the economic performance in July was stable with sound momentum maintained and structural adjustment deepened, yet challenges both domestically and internationally remain for the second half of this year.

(CGTN)