China slowdown deepens: Factory output, retail sales miss forecasts

China's economic growth slowed in August, with factory output and retail sales underperforming expectations. Weak consumer spending, a property slump, and extreme weather contributed to the slowdown. The government acknowledged economic challenges and pledged to implement macro policies to stabilize the economy. Property downturn continues to be a major drag.

China slowdown deepens: Factory output, retail sales miss forecasts
China's economic growth slowed in August, with factory output and retail sales underperforming expectations. Weak consumer spending, a property slump, and extreme weather contributed to the slowdown. The government acknowledged economic challenges and pledged to implement macro policies to stabilize the economy. Property downturn continues to be a major drag.