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.
China's economy slowed further in July. Retail sales growth was 0.6% year-over-year, according to the National Bureau of Statistics. This was lower than the 1.5% expected and the 1.0% growth seen in June.
Industrial production grew 4.5% year-over-year, which was also lower than expected, at 5.0%. Fixed asset investment declined 6.7% year-to-date, a steeper drop than June's 5.7% and worse than the 6.2% decrease expected.
The data has raised concerns about the health of China's economy, which is the world's second-largest. The slowdown is reinforcing worries about a deepening supply-demand imbalance, according to CNBC World.
Brief written by urgent.news from CNBC World, FXStreet — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- China's economy slows further in July as retail sales barely grow, investment slump steepens cnbc.com
