Konjunktur: Chinas Wirtschaft schwächelt bisher im dritten Quartal
Chinas Binnenmarkt erholt sich weiterhin nicht aus seiner Schwächephase. Der Automarkt, der den Markt normalerweise stützt, schrumpft. Daran ändern auch staatliche Anreize nichts.
Beijing - New economic data from China indicates a relatively weak start to the third quarter. In July, manufacturing output only grew by 4.5 percent, according to official data released on Monday. Experts surveyed by Reuters had anticipated a rise of 4.8 percent, following a 5.3 percent increase in June. However, manufacturing was hampered by unusually severe extreme weather events in July: three typhoons made landfall, and residents in millions of homes in China's eastern and southern industrial centers were evacuated.
Retail sales, which normally benefit from tourist spending, fell short of analyst expectations, growing by only 0.6 percent in July, compared to the 1.0 percent increase in June. Analysts had predicted a growth of 1.5 percent, up from the 1.0 percent increase in June. China's leadership is attempting to boost the economy, in part, through a premium for trading in used vehicles and equipment.
Nevertheless, car sales fell for the tenth consecutive month in July, following the latest released data.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
