US President Donald Trump on Tuesday moved forward with plans to place a new 10 per cent tariff on Chinese goods. Photo: AP

China slowdown persists as industrial economy posts worst growth since February 2002

  • Industrial production – a measure of China’s industrial sectors including manufacturing and mining – grew by just 4.8 per cent in July
  • Retail sales, a key metric of consumption in the world’s most populous nation, grew 7.6 per cent in July, down from 9.8 per cent growth in June
Topic |   China economy

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US President Donald Trump on Tuesday moved forward with plans to place a new 10 per cent tariff on Chinese goods. Photo: AP
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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.

Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.