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China’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.
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19 Articles
19 Articles
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China's factory output, retail sales growth worst in over a year
China's factory output and retail sales grew at their weakest pace in over a year in October, piling pressure on policymakers to revamp the $19 trillion export-driven economy as mounting supply and demand strains threaten to further curtail growth.
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China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected
China's slowdown worsened in October, dragged by soft consumer demand and a deepening property downturn, with the long holiday period further denting factory activity.
·United States
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Coverage Details
Total News Sources19
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
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