Industrial output and retail sales slump in July after one of the country’s weakest quarterly growth rates ever
China’s economy is showing signs of extending a slowdown with a slump in industrial output and retail sales in July, adding to pressure on Beijing to intervene with measures to support activity.
After the world’s second largest economy posted one of its lowest quarterly growth readings on record in the three months to June, the latest figures suggest it continued to falter in July.
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This article was originally published by The Guardian and written by Richard Partington Senior economics correspondent.
Read original article on The Guardian