16 August 2024

China’s underwhelming data dampens hope of economic recovery

By Redoy K

China’s economic recovery shows signs of slowing, with industrial production growth weakening and unemployment rising in July. Despite government measures to boost the economy, challenges persist, including a property crisis and weak consumer confidence. Retail sales showed slight improvement, but the real estate sector continues to struggle. International trade tensions add to the hurdles facing the world’s second-largest economy. the daily star