“`html

Economics

China’s Economic Challenges Extended into August

According to recent reports, China’s economy faced ongoing challenges throughout August, continuing a trend of economic weakness observed during the summer months. A decline in industrial production and investment has overshadowed a modest uptick in retail sales.

Upcoming official statistics are set to reveal that factory output rose by 5.6% in August compared to the same month last year, which marks a slight decrease from July’s 5.7% increase, as indicated by a Bloomberg survey’s median forecast. Meanwhile, retail sales growth is anticipated to improve marginally to 3.8%, following the weakest performance recorded this year. Furthermore, fixed-asset investment is expected to show its slowest growth rate in nearly five years.

“`

Source: Original