Industrial production and retail sales in China grew below expectations in August, raising concerns about the need for economic stimulus.
Delia Niculescu
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International
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The National Bureau of Statistics of China reported a 5.2% increase in industrial production in August, below analysts' expectations and that of July. Retail sales grew by only 3.4%, the lowest rate since November 2024. The unemployment rate rose to 5.3%, while housing prices decreased. Economists suggest that fiscal stimulus may be needed to achieve the growth target of 5% for the current year, in the context of weak domestic demand and trade uncertainties.
Sources
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