China’s industrial production and retail sales growth further slowed in August, according to official data, contrary to expectations and highlighting the challenges still facing the world’s second-largest economy.
Industrial output rose 5.2 percent year-on-year in August, according to the National Bureau of Statistics, marking the slowest pace since the same month last year.
The Bureau also reported retail sales rising 3.4 percent year-on-year last month, the slowest pace since November and below Bloomberg’s forecast of 3.8 percent.
