The Chinese economy exhibited signs of deceleration in July, with industrial production growing at 5.7%, below the anticipated 6%. Retail sales rose by only 3.7%, marking the slowest growth so far this year. Expert Yuhan Zhang indicated that firms might be operating at current capacity rather than investing in new infrastructure. Despite the slower growth, specific high-tech and strategic sectors attracted capital investment. Following the economic data release, China's CSI 300 stock index increased by 0.8%, raising speculation of potential stimulus from Beijing. In the UK, the FTSE 100 is set to reach a record high, driven by finance and defense sectors.
New data suggest the Chinese economy slowed in July, with industrial production rising at the slowest rate since November, expanding by 5.7%, below the expected 6%.
Chinese retail sales grew by 3.7% year-on-year in July, the slowest pace this year, down from 4.8% in June, indicating potential issues in consumer demand.
Yuhan Zhang noted that firms may be running on existing capacity rather than building new plants, indicating a cautious approach in capital investment despite some sectors attracting substantial capital.
After the economic data release, the Chinese CSI 300 stock index rose 0.8%, sparking speculation that Beijing may introduce fresh stimulus measures to bolster the economy.
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