China’s Economy Strains Under Disappointing Data

China’s economy showed more signs of strain Monday as the country published weak data for industrial output, investment and retail sales, amid a lingering trade war with the United States.

Industrial output grew by 4.4 percent year-on-year throughout August, falling to its lowest level in 17 years and down from 4.8 percent in July.

The figure was well below analyst expectations, with a Bloomberg survey of analysts predicting heartier growth of 5.2 percent.

“We must be aware that international instabilities and uncertainties are increasing significantly, and that at home economic structural issues are still prominent and the downward pressures on (the) economy are mounting,” said Fu Linghui, a spokesman for the National Bureau of Statistics, which released the data.

Retail sales also slipped to post growth of 7.5 percent — 0.1 percent down on the previous month and a knock to Beijing’s aims to boost domestic consumption.

Ex-officer accused in New Orleans mass shooting plot released without charges

Lifelong Lib Chris Matthews Goes Scorched Earth on Far-Left Dems, DSA Members: ‘I’m Not with This Crowd’

Convicted rapist who preyed on women at America’s top party school faces reckoning after courthouse dash

LA Lakers Sold to Ex-Disney CEO and Jared Kushner’s Brother for Record-Breaking Price

Texas judge accused of ‘doxxing’ political critic faces federal lawsuit, growing push to oust him from office

Unearthed interview exposes Dem senator’s past support for reparations: ‘There is a debt unpaid’

Always Watch the Eyes: Video Shows DSA Co-Chair Fall Apart When Asked Exactly Who She Wants to Tax More

DOJ Busts Massive International Sham Marriage Scheme, 1,000 Weddings to ‘Fraudulently Obtain Immigration Status’

FBI ran secret operation to extinguish Biden family foreign influence scandal: Declassified documents

Fox News Poll: New matchup, same result: Maine Senate race stays locked

Here’s who could replace White House press secretary Karoline Leavitt

New York Social Services Worker Charged With Issuing Multiple Benefit Cards to Herself

Hasan Piker cheers Mamdani aide going ‘beast mode’ with ‘impoverish the White middle-class’ remark

Enough Feting of Fetterman

Repeat offender sucker-punches woman in city where Ukrainian refugee was stabbed by career criminal

Investment in fixed assets saw year-on-year growth of 5.5 percent in the first eight months of the year, 0.2 percent less than the first seven months, including a slight dip in crucial real estate investment.

All three sets of data fell short of analyst expectations, with Bloomberg predicting 7.9 percent growth in retail sales and 5.7 percent growth in investments.

China’s gross domestic product (GDP) growth slowed to 6.2 percent in the second quarter of the year — the weakest pace in almost three decades.

“For China to maintain growth of 6.0 percent or more is very difficult against the current backdrop of a complicated international situation and a relatively high base, and this rate is at the forefront of the world’s leading economies,” Chinese Premier Li Keqiang was quoted as saying in an interview with Russian media which was published on the Chinese government’s website.

The People’s Bank of China said earlier this month that it would cut the amount of cash lenders must keep in reserve, in a bid to release more money into the stuttering economy.