China's retail sales slowed sharply in August and industrial production and investment activities also missed expectations, as fresh coronavirus outbreaks and supply disruptions threatened the economic recovery.
Industrial output grew 5.3 per cent in August from a year ago, data from the National Bureau of Statistics showed on Wednesday, slowing from a 6.4 per cent gain in July and missing expectations for a 5.8 per cent growth in a Reuters poll.
To continue reading, please subscribe. For only $0.8 per day, you will get:
- ORIGINAL & DATA-DRIVEN STORIES - We focus on the most important business events and the key trends in China's economy and financial markets, with details that you don't see elsewhere.
- THE WIRE - An all-in-one platform with real-time updates of market-moving news and views sourced from a network of journalists, traders, brokers, analysts, etc. and from multiple reliable news outlets in mainland China. Here are some screenshots of our wire service.
- DATA - We provide data, including some high frequency data from government agencies, research institutes and industry bodies to help you get timely and detailed understanding of what is going on in China's economy and markets.
- WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.
We highly value independence. Subscriptions by you and thousands of intelligent readers like you are extremely important for us!
Already have an account? Sign In