Boost in Chinese industrial data

<p>Chinese industrial data rises.</p>

Data released by China has showed the Asian nation has seen improvements to both its industrial production and retail sales.

Figures revealed today (December 10th) indicated that there was a rise in Fixed Asset Investment, with the results beating the expectations of analysts.

Factory output was up by ten per cent from a year ago, while a rise in retail sales was also recorded, with a 13.7 per cent jump.

The results are likely to fuel hopes the Chinese economy is going to begin to grow faster after fears over a slowdown affecting the country.

Data showed China's economy grew 7.8 per cent in the three months to September from a year earlier, which is up from the 7.5 per cent expansion in the previous quarter.

China has recently confirmed it is liberating its financial sector, which led to speculation rising that it could loosen interest rates in the coming months.

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