China's July industrial output growth at 17-year low
Figures disappoint across the board; economic growth now faces renewed downward pressure
Beijing
CHINA'S industrial output growth slumped to a 17-year low and retail sales remained tepid in July, a sign the economy is struggling to stabilise as the trade war with the US drags on into a second year.
Industrial output rose 4.8 per cent from a year earlier, while retail sales expanded 7.6 per cent, and fixed-asset investment growth slowed to 5.7 per cent in the first seven months of 2019, below analysts expectations that had anticipated some respite after a short-lived rebound in June.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected
Indonesia to permanently relocate 10,000 people after Ruang volcano eruptions