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China's industrial output increase in August

CCTV.com

09-13-2016 16:29 BJT

China's industrial output is an important economic indicator. The increase in output in August was an encouraging sign for China's slowing economy. Economist Lu Zhengwei explains the driving factors behind the rebound.

"I think there are three reasons for the rebound. First, the supervision and examination of PPP recently has achieved obvious effect. Second, because sales of engineering machinery related to infrastructure were relatively well, output in the construction sector, like machinery, coal and steel all rebounded with increased profits. Thirdly, some enterprises brought forward their production plan for September to August, which supported the figures in the month. Private investment also rebounded," said Lu Zhengwei.

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