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MNI BRIEF: China July Output, Investment Slows On Weak Demand

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MNI (Beijing)
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China's economy slowed further in July with weak demand taming production and investment more than expected, though consumption rebounded moderately on summer vacation, data released by the National Bureau of Statistics on Thursday showed.

Retail sales grew 2.7% y/y in July, accelerating from June's 2.0% gain and in line with the 2.7% forecast. Retail sales grew 3.5% y/y in Jan-Jul, lower than the 3.7% in H1. (See MNI EM: Beijing Shifts Focus To Consumption To Boost H2 GDP)

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China's economy slowed further in July with weak demand taming production and investment more than expected, though consumption rebounded moderately on summer vacation, data released by the National Bureau of Statistics on Thursday showed.

Retail sales grew 2.7% y/y in July, accelerating from June's 2.0% gain and in line with the 2.7% forecast. Retail sales grew 3.5% y/y in Jan-Jul, lower than the 3.7% in H1. (See MNI EM: Beijing Shifts Focus To Consumption To Boost H2 GDP)

Keep reading...Show less