2023-09-15 07:38
China August industrial output, retail sales growth beat expectations
An employee inspects a circuit board on the controller production line at a Gree factory, following the coronavirus disease (COVID-19) outbreak in Wuhan, Hubei province, China Aug 16, 2021. China Daily via REUTERS/File photo BEIJING  – China ‘s factory  output  and  retail  sales  grew at a faster pace in  August , but tumbling investment in the crisis-hit property sector threatens to undercut a flurry of support steps that are showing signs of stabilizing parts of the wobbly economy. Chinese policymakers are facing a daunting task in trying to revive  growth  following a brief post-COVID bounce in the wake of persistent weakness in the crucial property industry, a faltering currency and weak global demand for its manufactured goods.

https://business.inquirer.net/421335/china-august-industrial-output-retail-sales-growth-beat-expectations

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