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.

Maine and Georgia could test whether ticket-splitting is making a comeback

Dems derided Trump’s midterm gamble — until he ended up winning big

Mail-voting crackdown moves ahead as Trump court win opens door to federal action

Brutal Cheap Shot: Video Captures Amazon Driver Sucker Punching Elderly Man Over Parking Dispute

Brexit isn’t what’s dragging Britain down

There’s little brilliant about Netflix’s ‘My Brilliant Career’

Norway’s King Harald dies peacefully at 89, son Crown Prince Haakon to succeed him

New Hampshire man allegedly steals rescue truck from firefighters battling his burning home

Federal judge again blocks Trump’s mail ballot order just before midterms

California authorities identify final unknown victim of ‘Happy Face Killer’ Keith Jesperson after 34 years

New York Gov Hochul rejects Trump’s ‘Lake America’ renaming with blunt message

Maine meteorologist suffers giggle attack on live TV after prank backfires spectacularly

Defense Claims Lindsay Clancy ‘Never Did Anything Wrong in Her Life’ in Closing Argument

Report: Trump Admin Nearing ‘Massive’ Venezuelan Oil Deal

RNC threatens legal action against New Jersey officials over noncitizens on voter rolls: ‘On notice’

See also Dolly Parton dies at age 80

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.