China's economic growth slows down in July
China's economy grew slower than expected in July. Retail sales and factory production were both weak.
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China's economy had problems in July. Store sales only grew 3.7%, which was less than expected. Factories produced 5.7% more than last year, but this was also less than predicted.
People are not buying enough things. The unemployment rate went up to 5.2%. Many young people between 16-24 years old cannot find jobs.
The property market is still having difficulties. China and the US agreed to not add new trade taxes for another 90 days. The government might need to do more to help the economy grow.
Original Article
cnbc.comhttps://www.cnbc.com/2025/08/15/chinas-growth-stumbles-in-july-as-weak-demand-industrial-capacity-curbs-weigh.html