US EditionChina’s economic slowdown deepens in October as housing slump worsens and investments shrink more than expected
- China's October data revealed a cooling in industrial activity, with output slowing from a 6.5% rise the prior month and missing a 5.5% expected jump.
- Fixed-Asset investment, which includes real estate, contracted for the first ten months and was worse than the 0.8% forecast, data from the National Bureau of Statistics showed Friday.
- Retail sales rose last month, topping a Reuters poll's forecast while easing from September, and the survey-based urban unemployment rate ticked down from 5.2%.
- After escalating trade tensions, a tariff truce was reached as U.S. President Donald Trump and Chinese leader Xi Jinping agreed last month to trim tariffs and suspend measures for one year.
- The historic investment contraction from Wind Information shows the last fixed-asset investment decline was in 2020, combined with holiday-related factory activity and a property sector slump signaling broader economic strains.
27 Articles
27 Articles
Weak data raises concerns for China’s economy
New data raised fresh concerns about the health of China’s economy. Investment, manufacturing, and consumption figures all fell short of expectations, while a long-running property market downturn appeared to deepen, amplifying worries that the world’s second-biggest economy may miss its annual growth target of 5% this year. Beyond its trade disputes with the US, China is grappling with huge domestic economic challenges, including the risk of de…
The economic data from Beijing for the month of October disappoint. Particularly worrying: There is less and less investment.
China’s Economy Falters With Growth Hurt by Investment Slump
China’s economic activity cooled more than expected at the start of the fourth quarter, with an unprecedented slump in investment and slower growth in industrial output adding to a drag from sluggish consumption.
Coverage Details
Bias Distribution
- 46% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
