China’s economy showing signs that slowdown may be extending

AI Summary

China's economy continues to show signs of slowdown with July data revealing declines in industrial output and retail sales. This follows one of the country's weakest quarterly GDP growth rates and increases pressure on the government to implement supportive measures.

Industrial output and retail sales slump in July after one of the country’s weakest quarterly growth rates ever China’s economy is showing signs of extending a slowdown with a slump in industrial output and retail sales in July, adding to pressure on Beijing to intervene with measures to support activity. After the world’s second largest economy posted one of its lowest quarterly growth readings on record in the three months to June, the latest figures suggest it continued to falter in July. Continue reading...