, China

China's industrial production jumped 10.4%

Chinese economy drawing more surprises.

According to OSK, China's industrial production increased 10.4% from 9.7% a month ago in July. 

Here's more:

Retail sales rose 13.4% year-on-year last month, and government spending on infrastructure increased shot up to 20.3% in the first eight months of the year.

Additionally, just two days ago, China reported a better-than-expected 7.2% rise in exports, against market consensus of 6%. All these economic data suggests that the Chinese economy is now back on track, with all indicators surprising on the upside. 

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