Retail sales remained weak, with a contraction of 1.1 per cent a worse performance than analysts had expected. Photo: XinhuaRetail sales remained weak, with a contraction of 1.1 per cent a worse performance than analysts had expected. Photo: Xinhua
Retail sales remained weak, with a contraction of 1.1 per cent a worse performance than analysts had expected. Photo: Xinhua
Economy /  China Economy

Industrial engine powered China’s disjointed economic recovery in July, but retail slump persists

  • Industrial production in China grew by 4.8 per cent in July from a year earlier, emphasising its role as the main engine of economic growth
  • But retail sales remained weak, with a contraction of 1.1 per cent, a worse performance than analysts had expected

Topic |   China economy
Finbarr BerminghamOrange Wang
Finbarr Bermingham and Orange Wang

Updated: 11:03am, 14 Aug, 2020

Why you can trust SCMP
Retail sales remained weak, with a contraction of 1.1 per cent a worse performance than analysts had expected. Photo: XinhuaRetail sales remained weak, with a contraction of 1.1 per cent a worse performance than analysts had expected. Photo: Xinhua
Retail sales remained weak, with a contraction of 1.1 per cent a worse performance than analysts had expected. Photo: Xinhua
READ FULL ARTICLE