产业结构调整 中国7月工业产出略低于预期

China's industrial growth engine increased output slightly less than economists had forecast in July, amid a sharp drop in new lending and a property downturn.

7月份，中国工业产出增长略低于经济学家预期。

Output rose by 9 per cent, year on year, last month. Analysts had forecast growth of 9.2 per cent, the same level as in June.

中国工业产出当月同比增长9%，而此前分析师预计增幅将达到9.2%，与6月份持平。

Data out earlier on Wednesday showed new Chinese lending has fallen unexpectedly to its lowest since October 2008.

周三早些时候公布的数据显示，中国新增贷款出人意料地跌至2008年10月份以来的最低水平。

Output has stayed resilient, however, as the Beijing government has reverted to tried-and-tested ways of juicing up growth as policy makers strive to meet a 7.5 per cent GDP growth target for 2014.

而中国工业产出相对依然坚挺，这是因为中国决策者想努力实现2014年国内生产总值(GDP)增长7.5%的目标，为此又拿出久经考验的老办法：刺激措施。

Recent stimulus measures have included a programme to extend credit to agricultural and small businesses. Meanwhile, a host of cities that previously had purchasing limits for properties have relaxed them.

近期推出的刺激性举措包括向农业企业及小企业发放贷款，同时很多城市放宽了房产限购政策。

Retail sales also rose at a slower rate than analysts expected in July, gaining 12.2 per cent against forecasts for a 12.5 per cent increase.

此外，7月份社会消费品零售总额同比增长12.2%，也低于分析师给出的12.5%的预期。