News Snapshot:
China’s showed export growth, which has been a key driver of the cpuntry’s impressive rebound from the COVID-19 slump in early 2020, unexpectedly slowed in July. (Reuters Photo) BEIJING- 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 percent year-on-year in July, according to data released by the National Bureau of Statistics (NBS), against expectations for 7.8 percent growth and after rising 8.3 percent in June. Retail...
