Industry output grew 16.1%

China's value-added industrial output grew 16.1% in July from one year earlier to US$71.8bn, due to strong export growth, even as the yuan was revalued 2%, the Wall Street Journal reported, citing government statistics. The output growth was down from 16.8% year-on-year growth in June and increased slower than the 16.6% predicted growth. China's July trade surplus of US$10.4bn was the highest so far this year. China's foreign direct investment for the first seven months of the year fell 3.4% from a year earlier to US$33.09bn, but pledged FDI grew 19.2% from a year earlier to US$98.64bn.