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China’s July data shows retail sales nearly flat as investment weakens
Retail sales barely grew in July while an investment slump deepened, underscoring concerns about China’s demand and supply imbalance.
CNBC Markets and CNBC World say China’s economy slowed further in July, with data pointing to weak consumption and a deeper investment slump.
The reporting highlights that retail sales barely grew, suggesting demand was tepid, even as overall activity continued to lose momentum.
According to CNBC, the July figures are adding weight to concerns about the health of the world’s second-largest economy as a supply and demand imbalance continues to deepen.
The outlet frames the slowdown as part of an ongoing pattern in which consumption and investment have failed to provide enough support for growth.