Industrial production rose 5.3% in August from a year earlier, narrowing from an increase of 6.4% in July and marking the weakest pace since July 2020, data from the National Bureau of Statistics showed. Output growth missed the 5.8% increase tipped by analysts
BEIJING: China’s factory and retail sectors faltered in August with output and sales growth hitting one-year lows, as fresh coronavirus outbreaks and supply disruptions threatened the country’s impressive economic recovery.
Industrial production rose 5.3% in August from a year earlier, narrowing from an increase of 6.4% in July and marking the weakest pace since July 2020, data from the National Bureau of Statistics showed. Output growth missed the 5.8% increase tipped by analysts.
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