CRI听力:China Data Raises Doubts over Growth

China's latest industrial production and retail sales figures are higher in July compared to a year ago, but the pace of expansion has slowed.

Industrial production, a measure of output at factories, workshops, and mines jumped 9 percent in July.

Retail sales in July rose by 12.2%.

Fixed asset investment for last month is up 17-percent year on year.

However, new lending for last month has decreased dramatically.

The People's Bank of China is reporting new yuan-denominated lending through July has come in at just over 385-billion yuan, the lowest in nearly six years.

This is down by over 80-percent compared to July of last year.

The lending data is raising doubts about China meeting its full year growth target of 7.5%.

For more on this front, CRI's Paul James spoke earlier with Cao Can, CRI's financial commentator.

Cao Can, CRI's financial commentator.