China goes two for two: Higher industrial production and retail sales data

Fears of a Chinese slowdown allayed by some stronger data this morning.

Industrial production rose by 10.4 per cent in the year to August, from 9.7 per cent last month. That beats analyst estimates of a 9.9 per cent rise.

Retail sales also looking good, with a 13.4 per cent jump in the same period. Economists had forecast growth in line with last month's reading at 13.2 per cent.