China’s retail sales grew by 12.2%

In July, China’s retail sales rose 12.2% for the year, and industrial production – by 9%.

China’s retail sales rose 12.2% in July to an annual equivalent basis, a little confounding expectations of economists polled by Reuters, who had forecast an increase of 12.4%.

Industrial production has added 9%, confounding forecasts after June increased by 9.2%.

Indicators released early, they say that the flow of funds into the economy of China in July fell to the lowest in almost 6 years.