Growth in Chinese industry and retail continued to slow in August
Growth in Chinese industry and retail sales slowed further than expected in August amid devastating floods in some parts of the country and the emergence of new corona virus outbreaks.
Chinese retail sales grow slower than expected
Industrial production rose 5.3 percent year-on-year in August, according to statistics released by China’s Bureau of Statistics on Wednesday. Analysts expected a 5.8 percent expansion following the 6.4 percent rise in July. The August figure reflected the weakest growth since July last year. (MTI)
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