China's growth stumbles in July as key indicators disappoint
China's economy lost momentum in July, with retail sales and industrial output both missing forecasts as domestic demand remained weak.
This article has been summarized and translated using AI to help you practice reading and comprehension. While we strive for accuracy, some nuances may be lost in translation.
China's economy showed clear signs of slowing down in July, with several important economic measures falling below what experts had predicted. Retail sales increased by only 3.7% compared to the same month last year, which was much lower than the expected 4.6%. Factory production also grew more slowly at 5.7%, missing the predicted 5.9% increase.
Investment in new projects only grew 1.6%, well below the forecast of 2.7%. The property sector continued to struggle with a 12% decline in investment. Unemployment rose to 5.2%, with youth unemployment remaining particularly high at over 14%.
While China's economy grew 5.3% in the first half of the year, maintaining this growth will be challenging. The government may need to introduce new policies to support the economy.
Original Article
cnbc.comhttps://www.cnbc.com/2025/08/15/chinas-growth-stumbles-in-july-as-weak-demand-industrial-capacity-curbs-weigh.html