China’s Economy Catches Chill in July as Headwinds Mount

Caixin

China’s economy got off to a slow start in the third quarter, with key indicators gauging factory activity and mining, investment and general consumption falling in July to their lowest levels in months, official figures showed Monday.

Industrial output rose 6.4% last month from a year earlier, which was the lowest expansion rate in five months, according to the National Bureau of Statistics (NBS). The figure fell short of the 7.1% median growth forecast based on a Bloomberg News poll of economists.

Fixed-asset investment excluding rural households was up 8.3% in the January-July period year-on-year, NBS data showed, which was the weakest growth pace for multiple-month periods so far this year and came in below the polled economists’ median forecast of an 8.6% increase.

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