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.

Florida man who contacted police about 1987 killing arrested in connection to cold case

Dramatic bodycam video captures NYPD officer rescuing woman from top of Brooklyn Bridge after emotional plea

Eight indicted over plan to attack White House UFC fight with drones and snipers

Israel shares intelligence warning Iran plotted new assassination attempt against Trump: report

Bank of America and JPMorgan Chase Consider Teaming Up for Scheme to Extract Higher Card Transaction Fees

Robinson’s Alleged Kirk Assassination Rifle and Chilling Messages on Bullet Casings Shown in Court

DHS plans costly crackdown on states that don’t cooperate on election security

Damning Tyler Robinson letter accidentally flashed during Charlie Kirk murder hearing

White House drapes tarps while completing Trump’s newest construction project

Disturbing Video: Texas Cop Tells Preacher She Is Going to Ticket Him for Speech That Offends ‘Pride’ Event Goers

Incredible Video: Hero NYPD Officer Rescues Distressed Woman from Jumping Off Brooklyn Bridge

Unearthed records reveal Dem mayor sought tax hike to fund DEI role ahead of key House race

Communist Door Dasher Admits Stealing Food from DHS Orders, Gets Fired After Freaking Out When Company Dared Confront Her

Teacher Sentenced Over Lewd Relationship with Middle School Student She Professed to Love

Black bear raiding a garbage can at Lake Tahoe garage triggers dramatic wildlife encounter

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.