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.

Graphic: Another Muslim Activist Freaks Out, Demanding We Confine Our Dogs According to the Will of Allah

Video Emerges Showing Mitch McConnell Taken to Hospital After Cardiac Arrest – Report

Peter Navarro seeks ‘precedent for years to come’ with renewed contempt fight

Trump administration expands ‘Product of USA’ label as push for American-raised beef grows

Mamdani official’s planned meeting with Iran envoy shut down by State Department

Iran will target Israel if US continues strikes after ceasefire collapses, official warns

Illegal Alien Child Predator Pardoned by Tim Walz Deported After Marco Rubio Intervenes

Alert: Dem Sen. Fetterman and GOP Sen. McCormick Launch Joint Fundraising Project, Adding to Speculation Fetterman Will Switch Parties Soon

Mamdani’s wife co-hosts luxe Muslim retreat casting Virgin Mary as ‘Palestinian woman’ under occupation

Trump says he’s Iran’s ‘No. 1’ target as renewed conflict raises assassination fears

8 indicted in planned sniper attack at White House UFC 250 event, DOJ says

National Guard shooting suspect in ‘dire,’ ‘self-inflicted’ health condition after refusing to eat: filing

Trump’s popularity among Israelis fades after Iran MOU

Could the Nevada governor’s race outcome run through Canada

Sanders under fire for propping up Platner as Dems torch his toxic endorsement ‘pattern’

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.