Tech Boom Powers China's Factories but Economic Imbalances Deepen as Consumption Slows
7 Articles
7 Articles
China's industrial production rebounded in August, exceeding market expectations, while consumption and investment deteriorated. Although exports and manufacturing are propping up the economy, the recovery in domestic demand is struggling to gain momentum, raising the need for further economic stimulus by Chinese authorities. On the 15th, the National Bureau of Statistics announced that industrial production in August increased by 5.2% year-on-y…
(Shanghai=Yonhap News) Correspondent Cha Byeong-seop = While China's industrial production showed strong performance last month, the growth in retail sales slowed despite the authorities' determination to boost domestic demand...
The country's industrial output accelerated sharply in August, to +5.2%, thanks to an increase in exports, but domestic demand remains sluggish.
(Teleborsa) - In August, consumer spending and investment in China remained stagnant, despite the fact that industrial production improved more than expected, a sign of a growing rift...
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