Reported 25 days ago
China's economy showed signs of further weakening in August, with a decline in industrial production, retail sales, and real estate investment, as the nation struggles to stimulate demand post-COVID. The National Bureau of Statistics indicated that the growth in industrial production slowed to 4.5% from 5.1% in July and retail sales rose by only 2.1%. Investment in real estate fell by 10.2% year-on-year, prompting calls for increased government spending to address the ongoing economic challenges.
Source: YAHOO