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.
Two Suspects Arrested After Famous Musician and His Family Are Murdered in Mexico
Mullin asks DOJ to review voter data sharing tied to Zuckerberg-funded nonprofit group
Trump lawyers target what Letitia James won’t say about evidence in $450M case
Country Star John Rich Says Jelly Roll Knew Exactly What He Was Doing, And He Will Now Pay the Price
ICE officer pleads not guilty to lying about Minneapolis shooting involving Venezuelan man
Illinois mother charged with murder in death of 2-year-old son in case drawing comparions to Lindsay Clancy
Michael Cohen, Star Witness in Trump’s NY Conviction, Reportedly Recants Testimony: ‘He Was Pressured and Coerced’
‘Fiesta Mexicana’: El-Sayed campaign plans festive 9/11 while remembrance is missing from public schedule
The Right to a Jury of Our Peers Assumes We Still Live Among People Capable of Sound Judgment, Which We Don’t
Non-citizen police officers approved after Dem says ICE ‘invasion’ ‘sends a message’
Pelosi, Omar join Trump and Schiff as unlikely alliance pushes to onshore key industry
California congresswoman did not disclose money her husband received from nonprofit
Air traffic controllers turn on FAA chief as tensions boil over
43-Year-Old College Freshman with Extensive Criminal Past Arrested for Alleged Dorm Sexual Assault
Alabama Police Department Calls Out Local Seniors for Weak Attempt at a Senior Prank: ‘That’s It?’
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.
Two Suspects Arrested After Famous Musician and His Family Are Murdered in Mexico
Mullin asks DOJ to review voter data sharing tied to Zuckerberg-funded nonprofit group
Trump lawyers target what Letitia James won’t say about evidence in $450M case
Country Star John Rich Says Jelly Roll Knew Exactly What He Was Doing, And He Will Now Pay the Price
ICE officer pleads not guilty to lying about Minneapolis shooting involving Venezuelan man
Illinois mother charged with murder in death of 2-year-old son in case drawing comparions to Lindsay Clancy
Michael Cohen, Star Witness in Trump’s NY Conviction, Reportedly Recants Testimony: ‘He Was Pressured and Coerced’
‘Fiesta Mexicana’: El-Sayed campaign plans festive 9/11 while remembrance is missing from public schedule
The Right to a Jury of Our Peers Assumes We Still Live Among People Capable of Sound Judgment, Which We Don’t
Non-citizen police officers approved after Dem says ICE ‘invasion’ ‘sends a message’
Pelosi, Omar join Trump and Schiff as unlikely alliance pushes to onshore key industry
California congresswoman did not disclose money her husband received from nonprofit
Air traffic controllers turn on FAA chief as tensions boil over
43-Year-Old College Freshman with Extensive Criminal Past Arrested for Alleged Dorm Sexual Assault
Alabama Police Department Calls Out Local Seniors for Weak Attempt at a Senior Prank: ‘That’s It?’
“With a strong rebound unlikely any time soon, we anticipate that policymakers will ease monetary conditions further in the coming months,” said Martin Lynge Rasmussen, China Economist at Capital Economics.
Washington and Beijing, meanwhile, have extended olive branches ahead of trade war talks next month, with the US delaying a new round of tariffs by two weeks and China exempting some products from punitive duties.
Story cited here.









