China's economy slowdown deepens in August with retail sales, industrial output missing expectations

China's economic slowdown worsened in August, with key indicators falling short of expectations. Retail sales grew by 3.4%, below the predicted 3.9%, while industrial output growth slowed to 5.2%, its weakest since August 2024. Fixed-asset investment expanded by only 0.5%, and real estate investment contracted by 12.9%. The unemployment rate rose to 5.3%. The National Bureau of Statistics acknowledged multiple risks and challenges, emphasizing the need for stable macro policies and economic reforms.

Reviewed by JQJO team

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