The broad weakening darkened the growth outlook for the world's second-largest economy, fueling calls for a more aggressive policy response with just a few months left before the end of the year.
As we are already toward the tail-end of the third quarter, time is running low for policymakers to introduce measures to buoy the economy amid numerous headwinds.
The August data basically rules out the chance to attain the official target of 5% growth in 2024, unless the top leadership is willing to launch a bazooka stimulus package.
The downbeat data may just drive home their point, showing even the more resilient part of the Chinese economy is losing traction.
[
Collection
]
[
|
...
]