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China's economy strains under disappointing data

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AFP Beijing
Last Updated : Sep 16 2019 | 9:55 AM IST

China's economy showed more signs of strain Monday as the country published weak data for industrial output, investment and retail sales, amid a lingering trade war with the United States.

Industrial output grew by 4.4 per cent year-on-year throughout August, falling to its lowest level in 17 years and down from 4.8 per cent in July.

The figure was well below analyst expectations, with a Bloomberg survey of analysts predicting heartier growth of 5.2 percent.

"We must be aware that international instabilities and uncertainties are increasing significantly, and that at home economic structural issues are still prominent and the downward pressures on (the) economy are mounting," said

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First Published: Sep 16 2019 | 9:55 AM IST

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