Military版 - China's economy is getting worse. That makes a trade deal more likely |
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L*****d
发帖数: 5093 | 1 Hong Kong (CNN Business)China's economic slowdown keeps getting worse. That
could give the country incentive to repair its trading relationship with the
United States and take more steps to stimulate its economy.
The country released data Monday that showed industrial production — an
important indicator for China's economy — increased by just 4.4% in August
compared to a year earlier. That's worse than the sector's performance in
July, when it grew by 4.8%, its weakest growth in 17 years.
Industrial production is important because it measures the output of key
businesses in China's manufacturing, mining and utilities sectors. The
latest figure was also worse than the 5.2% growth that analysts polled by
Reuters expected.
Other data released Monday by China's National Bureau of Statistics was also
poor. Retail sales growth slowed to 7.5% in August, down from July's 7.6%
year-on-year uptick. |
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