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.

Major Car Maker Issues Recall Over Engine Issue That Could Make Vehicle Stall

EXCLUSIVE: Collins pits record built in Maine potato fields against Platner’s ‘angry rhetoric’

Why This Tech Company Wants to Release 32 Million Mosquitos Into the US

Kennedy Center takes down Trump’s name: Photos

Kennedy Center workers start to remove Trump’s name after overnight deadline

Talarico touts Texas roots as out-of-state cash powers Senate campaign

‘Hell on wheels’ killer Mackenzie Shirilla lands prison job while serving life sentence for fatal 2022 crash

James Talarico Calls Biden’s Border ‘Utter Chaos’ In Attempted Immigration Rebrand

Menendez brothers eyed $20M insurance payout after parents’ murders, Jose’s ex-business partner claims

Rahm Emanuel road-tests emphasis on policy over Trump-hatred

Who is Bill Essayli, the hard-charging prosecutor at the center of California’s election fight?

Platner’s ‘deranged’ response to Musk becoming a trillionaire sparks online outrage: ‘Loserthink’

Op-Ed: What the Court Refused to Say About Your Money

Trump administration attempts to ramp up Alaska oil and gas drilling

WATCH: House Dems blame racism, ‘all-White’ jury for Karmelo Anthony’s guilty verdict

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.