China’s economy showing signs that slowdown may be extending
China's economy is facing a prolonged slowdown as industrial output and retail sales fell short of expectations in July. Government officials are under increasing pressure to implement fiscal stimulus measures to counteract weak domestic demand and external economic uncertainties.
Why it matters
As the world's second-largest economy, China's economic health significantly impacts global trade, supply chains, and international market stability.
A chemical fibre production line in Suqian. July factory output was lower than in June and missed a Reuters poll forecast. A chemical fibre production line in Suqian. July factory output was lower than in June and missed a Reuters poll forecast. Chinese economy China’s economy showing signs that slowdown may be extending Industrial output and retail sales slump in July after one of the country’s weakest quarterly growth rates ever
Prefer the Guardian on Google 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.
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