China

China’s retail sales growth plunged in August, impeding economic recovery




Retail sales growth in China slumped heavily in August further, accentuating the slowdown in the Chinese economy, the latest economic data shows.Both industrial production and fixed-asset investments growth in August also fell short of expectations, pointing to more softening in the economy.Retail sales, a key measurement of consumer spending in the world’s most populous nation, grew by a mere 2.5 per cent in August compared with a year earlier, way down from the 8.5 per cent increase in July,…



READ SOURCE

See also  China planning 226GW of new coal-fired power projects, environmental groups say

Leave a Reply