NEWS China’s economy slows unexpectedly as Covid outbreaks and property crisis bite

[Google News Bot]

Retail sales and industrial output lower than forecast, with fears that China could miss its annual growth target for first time since 2015China’s economy unexpectedly slowed in July, with factory and retail activity squeezed by Beijing’s zero-Covid policy and a property crisis, while the central bank surprised markets by cutting key lending rates to revive demand.July’s industrial output grew 3.8% from a year earlier, slightly down from 3.9% in June, data from the National Bureau of Stati ...

Continue reading the above news article, by clicking here.

Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.

Please be sensible and follow our terms of service and rules, when replying and debating the news article.