General World News

China gets nailed with a vicious trifecta of negative data as industrial output growth falls to a 17-year low

China manufacturing PMI

  • China’s industrial output growth slowed to its lowest level since 2002 in July as tariffs and trade tensions continue to weigh on the nation’s economy.
  • Industrial output increased 4.8% in July from the same period a year earlier, falling short of the 6% growth forecasted by analysts surveyed by Bloomberg.
  • Adding to the signals of a slowing economy in China, data also showed retail sales and investment spending expanded at slower-than-expected paces in July.
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Trade tensions and a slowing global economy are continuing to take a toll on China.

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Source:: BusinessInsider.Com