China economy under pressure as factory output, retail sales growth slow sharply The Edge Markets


Source: theedgemarkets.com theedgemarkets.com

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Industrial production in the world's second largest economy increased 6.4% year-on-year in July, according to data released by the National Bureau of Statistics (NBS), against expectations for 7.8% growth and after rising 8.3% in June. - A + A BEIJING (Aug 16): China's factory output and retail sales growth slowed sharply and missed expectations in July, as new COVID-19 outbreaks and floods disrupted business operations, adding to signs the economic recovery is losing momentum. Industrial production in the world's second largest economy increased 6.4% year-on-year in July, according to data released by the National Bureau of Statistics (NBS), against expectations...