US EditionChina's August factory output, retail sales miss expectations
- 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%.
85 Articles
85 Articles
China’s Economic Slowdown Deepens, Official Data Show
China’s economic activities have continued to slow down in August, as a bundle of key indicators fell short of expectations, keeping pressure on Beijing to roll out stimulus amid a prolonged property slump and ongoing trade tensions with the West. According to data released by the National Bureau of Statistics (NBS) on Sept. 15, industrial production growth slowed sharply in August, rising by 5.2 percent year over year compared to July’s 6.8 per…
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
China’s economic woes deepen, new data shows
China’s economic slowdown appears to be deepening, new data showed. Retail sales, industrial production, and investment levels were all below analysts’ expectations in August, while a real estate downturn intensified. The figures reinforce worries over prospects for the world’s second-biggest economy, which is already grappling with a heavy debt burden, high levels of youth unemployment, and worsening deflation. 2024 saw a similar pattern, in wh…
kreiszeitung.de
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. ...
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