Retail 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

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

Retail 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
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