China’s economy slowed sharply in July, according to official data, adding to pressure on Beijing to introduce stimulus measures to boost domestic demand amid its ongoing trade war with the United States.
Industrial production rose by 5.7 percent in July from a year earlier, slower than the 6.8 percent increase in June and below analysts’ expectations of 5.9 percent growth, according to data released by the National Bureau of Statistics on Aug. 15. It was the slowest expansion since November 2024.
Retail sales, a measure of consumer spending, increased by 3.7 percent in July from the same period a year earlier, down from the 4.8 percent year-over-year gain in June, and represented the lowest reading this year….
China’s Economy Losing Steam Amid Trade War With US, Data Show
