US EditionChina’s growth stumbles in July as retail sales, industrial output miss forecasts
Retail sales rose 3.7% in July, the slowest in seven months, while factory output growth fell to 5.7%, reflecting pressures from a weak property market and rising unemployment.
- On Friday , the National Bureau of Statistics reported retail sales grew 3.7% and industrial production increased 5.7% in July, both below forecasts.
- With tariffs paused on Monday, Chinese families faced a weak property market after property investments dropped nearly 11%.
- Meanwhile, price indicators revealed the surveyed unemployment rate rose to 5.2%, new yuan loans contracted for the first time in 20 years, and consumer prices increased 0.4% in July.
- Top leaders pledged to maintain existing support measures and unveiled subsidies for consumer loans and preschool fee waivers, while Xu Tianchen noted their impact has 'somewhat faded out' in coming months.
- Looking ahead, Xiaojia Zhi, chief China economist at Credit Agricole CIB, projects further slowdown in coming months as China’s 2025 GDP growth is forecast to cool to 4.6%.
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China’s economy lags in July under pressure from tariffs and a weak property market
BANGKOK (AP) — China’s economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty over tariffs on exports to the United States is still looming over the world’s second-largest economy after President Donald Trump extended a pause in sharp hikes in import duties for 90 days, beginning Monday, following a 90-day pause that began in May. As off…
·Washington, United States
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China's economy lags in July under pressure from tariffs and a weak property market
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources30
Leaning Left4Leaning Right6Center8Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 22%
C 44%
R 33%
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