China's August factory output, retail sales miss expectations
Retail sales rose 3.4% and industrial output grew 5.2% in August, both missing forecasts as real estate investment plunged 12.9%, signaling weak domestic demand and policy impacts.
- China's industrial output grew 5.2% year-on-year and retail sales rose 3.4% in August, both missing forecasted growth rates.
- This slowdown followed July's stronger gains amid weak domestic demand, real estate sector contraction, and global uncertainties.
- Real estate investment plunged 12.9% through August while fixed-asset investment rose only 0.5%, far below the expected 1.4%.
- Zichun Huang noted activity data indicate further loss of momentum and NBS chief economist Fu Linghui said some firms face operational difficulties.
- Officials urged stronger policy measures to stabilize employment, businesses, and market expectations to support annual economic targets near 5%.
25 Articles
25 Articles
Graphics of August: China's economy is generally steady
China's economy maintained a stable development trend in August. Retail sales expanded by 3.4 percent year on year and industrial output grew by 5.2 percent year on year, according to data released by the National Bureau of Statistics on Monday. CGTN

The Chinese economy lost momentum in August. Industrial production as well as retailing developed weaker than expected.
The growth of industrial production and that of retail sales in China slowed down in August more than expected, symptoms of the persistent difficulties of the second world economy, indicate official data published Monday. ...
Industrial production and consumption recorded their worst month of the year, after a sharp slowdown in July - More stimulus measures from Beijing may be needed
China's industrial output and retail sales miss expectations in August
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