Konjunktur: Chinas Wirtschaft verliert an Schwung
Die Industrie wächst langsamer, der Konsum stagniert: Chinas Wirtschaftsdaten für Juli bleiben hinter den Erwartungen zurück.
China's economy continued to lose momentum in July, according to official data released by the country's statistics agency. While industrial production grew by 4.5% compared to the same month last year, it marked a slowdown from the 5.3% increase recorded in June. Consumer spending also remained restrained, with retail sales expanding by only 0.6%.
Simultaneously, investment declined, with investment activity falling 6.7% from January to July, below analysts' expectations. Property investment was particularly weak, dropping nearly 19.2% in the period.
The property crisis and subdued domestic demand are further straining China's second-largest economy. Strong exports continue to underpin the economic recovery, but this high trade surplus is creating tensions with key trading partners like the United States and the European Union. In the second quarter, China's economy grew by just 4.3% year-on-year, falling short of Beijing's target for the entire year of a 4.5-5.0% increase.
The latest figures are likely to put pressure on the government to introduce additional stimulus measures to revive the economy.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
