In July, China's economy began showing signs of slowing, with notable declines in factory output, retail sales, and further drops in housing prices. Uncertainty about U.S. tariffs looms over the economy, though exports increased by 7.2% and imports saw their fastest growth in a year. However, manufacturers are pausing investment and hiring while adapting to disrupted business caused by severe weather. Industrial output growth slowed to 5.7%, marking an eight-month low, paralleling decline in fixed asset investment growth to 1.6%. Overall, economic activity exhibited widespread slowdown in July, complicating growth prospects.
China's economy is facing challenges as factory output and retail sales reported declines, alongside a continued drop in housing prices which has raised concerns about overall growth.
Exports increased by 7.2% in July year-on-year, showing resilience despite the uncertainty from tariff negotiations and a potential trade agreement with the United States.
Investment growth in factory equipment and fixed assets was just 1.6% from January to July, indicating a significant slowdown from the first half of the year.
The impact of severe weather and trade tensions contributed to reduced economic activity across major sectors, reflecting the challenges in sustaining growth in a complicated environment.
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