China’s economy shows signs of stabilizing but property slump threatens outlook

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Open this photo in gallery: Workers assemble speakers at an electronics factory in Linquan, in central China's Anhui province, on May 31.The Associated Press China’s factory output and retail sales grew at a faster pace in August, but tumbling investment in the crisis-hit property sector threatens to undercut a flurry of support steps that are showing signs of stabilizing parts of the wobbly economy. Chinese policy-makers face a daunting task in trying to revive growth after a brief post-COVID bounce in the wake of persistent weakness in the crucial property industry, a faltering currency and weak global demand for its...