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.

Trump says ‘America needs God’ in Good Friday message touting ‘resurgence of religion’

Watch: DEI-Obsessed Sky News Reporter Claims Moon Landings by ‘All White Men’ Didn’t Represent Humanity

Pro-Lifers Shred Trump Admin’s Biden-Era Title X Extension as ‘Inexplicable Slap in the Face’

Artemis II astronauts nearly halfway to the moon; NASA shares stunning photos from Orion spacecraft

California 4-year-old boy survives attack by coyote that bit and tried to drag him away

Trump requests over $10 billion for DC infrastructure and National Guard deployment

Colorado lawyers say court e-file system now makes them certify they won’t assist ICE

Patel, McCormick warn foreign terror threats inside US grew during Biden years

Trump gives rare praise to persistent GOP foe after White House ballroom vote

Illegal immigrant accused of murdering wife in Texas just weeks after marriage, ICE fights release

Legendary Fleetwood Mac Guitarist Lindsey Buckingham Attacked with ‘Unknown Substance’ in California

‘It’d Be Better Not to Talk About it at All’: Mamdani’s Good Friday Message Draws Backlash from Christians

Fox News True Crime Newsletter: Ted Bundy unmasked, Guthrie sheriff dragged to hot seat, Hawaii doc testifies

Final charge dropped in yearslong Harris-era case against pro-life activist

DOJ poised to appeal after judge affirms block on Powell subpoenas

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.