China gives more signs of recovery and encourages investors

The Chinese authorities reported that industrial production, investment and credit in this country took power in August. Only exports plummeted 23.4%. The data generated optimism

Industrial production, investment and credit in China took power in August, suggesting that economic recovery is underway, but it is unlikely that Beijing abruptly reversed his economic policies for fear of undermining the recovery.

The only blemish on the August data was trade. Exports fell by 23.4 percent over the previous year, a steeper drop than expected and accelerating since the contraction of 23 percent in July.

Industrial production rose in August to a maximum of 12 months by 12.3 percent over the previous year, up from 10.8 percent in July and exceeding expectations of an advance of 12 percent, as shown Friday data from the National Agency of Statistics.

The annual growth of investment in urban fixed assets intended to also accelerated, reaching 33 percent during the first eight months, climbing from 32.9 percent in January-July period and above expectations of 32 , 5 percent.

"The data show that China's economy continues to grow globally," said Rob Subbaraman, chief Asia economist at Nomura in Hong Kong.

"There is a very positive configuration data: on the side of the activity and there is a further strengthening in the aspect of inflation is still negative inflation, so do not think there's a real urgency of an aggressive adjustment policy," said Subbaraman .

Despite signs of strength, analysts expect that policy makers proceed with caution to avoid a hasty abandonment of their control over monetary and fiscal policy, following a series of assurances from Beijing that will not cut too early measures stimulus.

The figures for money supply and credit growth surprised by his rise, potentially offering the consolation that credit flows will not be closed abruptly.