China’s Economy Falters in August, Intensifying Stimulus Pressure Amid Trade Talks
China’s Economy Falters in August, Intensifying Stimulus Pressure Amid Trade Talks
China’s economic activity experienced a sharper-than-anticipated slowdown across various sectors in August, according to recent data. This underperformance significantly increases the likelihood that Beijing will need to implement further stimulus measures to achieve its official growth targets for the year.
Both industrial output and consumer spending recorded their weakest month of the year, following a notable deceleration in July. This economic setback could add considerable pressure on Chinese negotiators engaged in high-level trade discussions with US representatives this week. Data released by the National Bureau of Statistics on Monday revealed that production at Chinese factories and mines expanded by only 5.2% last month compared to a year earlier, marking the smallest gain recorded since August 2024.
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