China’s economy unexpectedly loses steam; Beijing warns of ‘severe’ global risks

China’s economy unexpectedly loses steam; Beijing warns of ‘severe’ global risks

The risk for Chinese economy is that strong exports may no longer be enough to offset weakness at home. Driving the newsChina’s economy has unexpectedly staggered into the second quarter. Factories slowed, consumers pulled back and investment unexpectedly shrank, delivering one of the clearest signs yet that Beijing’s recovery is being squeezed from both sides:…

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China slowdown deepens: Factory output, retail sales miss forecasts; property slump, weak demand fuel stimulus calls – The Times of India

China slowdown deepens: Factory output, retail sales miss forecasts; property slump, weak demand fuel stimulus calls – The Times of India

China’s economy lost further steam in August, with factory output and retail sales both underperforming expectations, raising pressure on Beijing to roll out fresh stimulus as weak consumption and a property slump weigh on growth.According to data from the National Bureau of Statistics (NBS), industrial output rose 5.2 per cent year-on-year in August, slowing from…

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