China’s economic activity cooled more than expected at the start of the fourth quarter, with an unprecedented slump in investment and slower growth in industrial output adding to a drag from sluggish consumption.
Fixed-asset investment shrank 1.7% in the first 10 months of the year, a record decline for the period, according to data released by the National Bureau of Statistics on Friday. Bloomberg Economics estimatesBloomberg Terminal investment dropped as much as 12% in October, extending its streak of declines into a fifth straight month.
