Retail sales growth fell to a almost 16-year trough and fixed asset investment growth - the change in the amount companies spend on long term assets such as land and equipment - was the weakest on record. That was the lowest reading in comparable data back to 1998.
Thursday's data also showed fixed asset investment, a key driver of economic growth, grew 5.2 per cent from January-October, against expected growth of 5.4 per cent.
The latest figures follow data at the weekend showing factory prices falling at their fastest pace in three years as orders slow down, while consumer price inflation is only being supported by a surge in the cost of pork owing to an African swine fever epidemic. "Real estate is primed for a further moderation as financing to the sector is being squeezed by a regulatory crackdown", Martin Lynge Rasmussen, a China economist at Capital Economics, said in a note.
From January to October, investment in the primary industry of the economy went down 2.4 percent year on year, that in the secondary industry rose 2.3 percent, and investment in the tertiary industry rose 6.8 percent.
But private sector investment grew just 4.4%, 0.3 percentage points less than in the first nine months, implying that private businesses' confidence remains shaky.
Houston Astros Reportedly Stole Signs Electronically In 2017 | NewsRadio KFBK
The report said the feed from the camera appeared on a television monitor that was located steps from the Astros' dugout. Sign-stealing by players in the field is allowed but generally frowned upon.
Messi told me to shut up, says Brazil boss Tite
Brazil - who handed a late debut to Aston Villa striker Wesley - have failed to win in the five games since winning the Copa America.
Oculus CTO John Carmack stepping down to become a 'Victorian gentleman scientist'
Carmack, additionally known for his work programming games like Doom and Quake , assumed a generous job in the present age of VR. Carmack will instead focus on artificial general intelligence (AGI), a specific type of AI that's created to be human-like.
In a bid to stop this trend, China's State Council on Wednesday pledged to encourage more spending on infrastructure projects.
According to the National Bureau of Statistics, the rate of increase in Chinese fixed asset investment slowed from 5.4% for September to 5.2% in October (consensus: 5.4%).
China's economy betrayed further signs of strain yesterday with data showing a sharp slowdown in consumer spending and factory production while investment growth hit a record low as the United States trade war takes its toll. In October, they bought fewer garments, jewellery and cars compared to a year earlier.
Authorities have unveiled a series of measures to kickstart growth including major tax and rate cuts as well as scrapping foreign investment restrictions in its stock market.
Earlier this week, Premier Li Keqiang flagged the need for the more effective use of economic support tools, such as "counter-cyclical adjustments" and local government special bonds.