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DirectThe Chinese economy has slowed over the past month, with a sharp slowdown in industrial production and a decline in retail sales.
Industrial production rose 4.8% in July from the previous year, its lowest rate since February 2002, compared with 6.3% in June, according to economic data released Wednesday by the US government. National Statistical Authority of China.
Analysts were expecting a 5.8% slowdown in industrial production in the world's second-largest economy.
The decline in industrial production, steel production for the second month in a row and motor vehicle production fell by more than 9%.
Capital investment rose 5.7% in the first seven months of the year, well below expectations of 5.8%.
Growth in infrastructure investment slowed to 3.8% from January to July, compared to 4.1% in the first half.
Real estate investment in China rose 8.5% in the first seven months of 2019, compared with 10.1% in the first half of 2019.
Retail sales rose 7.6% in July from 9.8% the previous month.
Last month saw the escalation of the trade dispute between China and the United States. President Donald Trump announced a 10% increase in tariffs on imports from China, worth $ 300 billion, starting next month.
But Trump announced yesterday that it would defer tariffs on certain goods until mid-December.
At 10:00 GMT, the yuan rose 0.4% against the dollar to 7.0169 yuan.
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