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 New York Times questioning his stamina could be ‘treasonous’

Trump mocks Ilhan Omar’s ‘turban’ in latest anti-Somali tirade

Trump compares real wages under his admin versus Biden’s during speech calling out Dem affordability ‘hoax’

Trump gives update on wounded National Guard member 2 weeks after DC ambush shooting: ‘He got up from bed’

American skydivers reclaim world record from Libya with massive flag jump on Pearl Harbor Day

Trump says Rep. Crockett’s Senate run ‘a gift to Republicans’: ‘Can’t imagine she wins’

$900B defense bill advances to House-wide vote as conservative mutiny threat looms

Trump rips Biden and Democrats over affordability in Pennsylvania: ‘Like Bonnie and Clyde preaching public safety’

Twin Blue-State Punks Meet SWAT Justice After Threatening Medieval Torture, Then Murder of DHS Asst. Dir. Tricia McLaughlin

Plane crash-lands on top of Toyota on Florida freeway following engine trouble

McDonald’s Pulls Unsettling Christmas Commercial After it Sparks Massive Backlash

Federal appeals court lets Pentagon reinstate transgender service ban, says judge overstepped military leaders

Expert reveals key factor that led to massive Minnesota fraud scheme

HS Senior Escorted from School for Following Doctors’ Orders and Skipping Vaccine Booster

ABC Signs Jimmy Kimmel to a New Deal Months After Affiliate Revolt

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.