China’s industrial production grew 5.2% year-on-year in August, down from July’s 5.7% pace and below analysts’ expectations of 5.7%, according to data released by the National…
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China’s Economic Slowdown Deepens Amid Sluggish Output and Spending
China’s industrial production grew 5.2% year-on-year in August, down from July’s 5.7% pace and below analysts’ expectations of 5.7%, according to data released by the National Bureau of Statistics (Reuters; SCMP). Meanwhile, retail sales—a key gauge of consumer spending—expanded just 3.4%, down from 3.7% in July and trailing the forecast 3.9% increase. Real Estate Sector Deepens Drag The housing market remains a critical weakness, with new home prices sliding 0.3% month-on-month in August, matching […]
