The Chinese economy appears to be stabilising after several months of slowdown, reducing the risk that the country will suffer a hard landing as post-crisis stimulus is withdrawn.
Coming on top of a surge in imports last month, figures released over the weekend indicated that domestic demand remains robust and suggested that the authorities will likely be able to avoid an abrupt slowing in economic growth, a matter of intense concern among investors globally.
The government said industrial production and retail sales both grew more quickly in August than in July, reversing the trend of the previous four months of slowing expansion.
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