China growth loses momentum in July as trade war with US unfolds
Investment hits record low in the first seven months; all indicators miss analysts' expectations
Beijing
CHINA'S economic growth slowed in July amid an ongoing trade war with the US and a tightening campaign to clean up banks' and local government's balance sheets after decades of inefficient lending.
Investment growth hit a record low of 5.5 per cent in the first seven months. Retail sales were up 8.8 per cent - down slightly from 9 per cent in June - as consumers held back on spending last month due to the economic uncertainty. Industrial output grew 6 per cent.
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