China’s economy lost momentum in July, with official data showing factory output, consumer spending and investment all weakening more than expected. Value-added industrial production grew 5.7% from a year earlier, its slowest pace since November and down from 6.8% in June, while retail sales expanded just 3.7%, the weakest reading this year. Growth in fixed-asset investment cooled to 1.6% in the first seven months, and the urban unemployment rate ticked up to 5.2%. The slowdown comes as U.S. tariffs championed by President Donald Trump and intense domestic price competition weigh on demand, adding to the drag from a prolonged property slump. Property investment fell 12% in the January-to-July period and new construction starts plunged 20%, undercutting activity in related industries such as steel and cement. Economists said the broad-based deterioration strengthens the case for Beijing to step up policy support after a cautious stance earlier in the year. While authorities have pledged targeted measures, analysts now expect additional fiscal spending and a possible easing of monetary conditions to keep gross domestic product growth near the government’s roughly 5% target.
China’s growth slows sharply as tariffs bite https://t.co/Q29vIPoLyO
¿Se frena la máquina económica de China? En julio, la actividad fabril, la inversión y las ventas minoristas mostraron señales de desaceleración, reflejando los efectos de la guerra comercial y los aranceles de Trump. Conoce más: https://t.co/P9n2XPdvoh 📸: Qilai Shen/Bloomberg https://t.co/43dKRdrkdg
China’s slowdown in July hit factories, shoppers, and builders at the same time, WSJ. It weakened momentum at the start of Q3. Beijing faces pressure to roll out stimulus. 1/ https://t.co/faca1wqE6H