China's economy improves in August

Both fixed asset investment and industrial output rebounded last month, indicating China's economy is stable and improving. The spokes person of China's national bureau of statistics says investment in infrastructure development was a major driver for growth. He said:" The policy of stable growth is not simply to boost economic growth through increasing investment. A lot of investments were put into weak sectors. Investment in infrastructure performed well, increasing 19.7 percent in January to August period. "More investment was put in sectors like agriculture, ecology and scientific service. These investments was growing rapidly. We should calmly observe the international situation, as it's still complicated. "Domestically, China's structural upgrading is entering a key stage. Although the economy has improved, companies still face difficulties, with big regional differentiation, so there's still huge downward pressure."