Output grows 16%, FDI falls 3%

China's value-added industrial output grew 16% in August from one year earlier marking a negligible shift from a 16.1% rise in July and slightly larger gain than August's expected 15.7% rate of growth, according to the National Bureau of Statistics. Industrial output rose 16.3% in the first eight months of the year driven by both external and internal demand, the Wall Street Journal reported, citing the latest data. Meanwhile, FDI declined 3.20% in the first eight months.