A batch of data released by the National Bureau of Statistics on Monday showed that retail sales, a key metric of consumption in the world’s most populous nation, grew by 7.5 per cent, below analysts’ forecasts of 8.0 per cent expansion, and a decline on July’s 7.6 per cent growth. Photo: Bloomberg

China’s industrial growth slowed to new 17-year low in August, even before new US trade war tariffs took effect

  • Industrial production, which measures industrial output grew at 4.4 per cent last month, down from 4.8 per cent in July and the lowest growth since February 2002
  • Retail sales, a key metric of consumption in the world’s most populous nation, grew by 7.5 per cent, below analysts’ forecasts
Topic |   China economy

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A batch of data released by the National Bureau of Statistics on Monday showed that retail sales, a key metric of consumption in the world’s most populous nation, grew by 7.5 per cent, below analysts’ forecasts of 8.0 per cent expansion, and a decline on July’s 7.6 per cent growth. Photo: Bloomberg
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Home to 5,000 foreign enterprises – many of them exporters – Suzhou Industrial Park saw its exports decline 10 per cent over the first seven months of 2019 compared to a year earlier. Imports, meanwhile, have fallen 15 per cent. Photo: Handout

Trade war and economic slowdown leave giant Chinese industrial estate scrambling to keep foreign companies

  • Spanning an area five times the size of Manhattan, Suzhou Industrial Park contributed 14 per cent of Suzhou’s economy in the first seven months of 2019
  • Trade war has hit exports and forced some companies to leave, but government subsidies and shift in production patterns convincing some to stay in China
Topic |   China economy

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Home to 5,000 foreign enterprises – many of them exporters – Suzhou Industrial Park saw its exports decline 10 per cent over the first seven months of 2019 compared to a year earlier. Imports, meanwhile, have fallen 15 per cent. Photo: Handout
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