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- China's economic activity weakened in July
China's economic activity weakened in July
China's economic activity weakened in July as industrial production, retail sales and investment all registered weak growth.
Industrial production grew 6 percent year-on-year in July, slower than the 6.2 percent increase seen in June. The annual growth was expected to remain unchanged at 6.2 percent.
On a monthly basis, industrial output gained 0.52 percent.
At the same time, retail sales climbed 10.2 percent on a yearly basis, following a 10.6 percent rise in June. Sales were forecast to grow 10.5 percent.
In the January to July period, fixed asset investment moved up 8.1 percent compared to a 9 percent expansion seen during January to June. Economists had forecast 8.9 percent growth.
Julian Evans-Pritchard at Capital Economics, said the downbeat investment figures raise questions over the efficacy of the recent policy easing - RTT.
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