China's economy slows further in July as retail sales barely grow, investment slump steepens
The data is reinforcing concerns about the health of the world's second-largest economy, which has grappled with a deepening supply-demand imbalance.
1 sourcesHeat 1.4Updated Aug 17
China's economy slows further in July as retail sales barely grow, investment slump steepens
1 article from CNBC.
News Clarion synthesisAcross 1 sources
China's economy showed further signs of slowdown in July, with industrial output and retail sales declining significantly. The weakness came after one of the country's weakest quarterly growth rates and underscored a deepening supply-demand imbalance that has raised concerns about the world's second-largest economy. The poor economic data has increased pressure on Beijing to intervene with stimulus measures.
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