The latest data out of China shows consumption, industrial production and investment in real estate development slowed last month. This comes amid concerns that trade friction with the United States could flare up again.
China's National Bureau of Statistics announced on Monday that retail sales in August rose 3.4 percent from a year earlier, but was down from July's 3.7 percent. The slowdown is partly attributed to budget-conscious consumers eating out less.
Industrial output in August grew 5.2 percent year on year, but was down from July's 5.7 percent.
The real estate market has also been sluggish with investment in real estate development tumbling 12.9 percent in the eight months through August compared to the same period last year.
New home prices fell in 57 of China's 70 major cities.
Senior government officials from the US and China began a new round of trade talks in Spain on Sunday. But China's economy has been showing stronger signs of slowing down amid concerns that the trade friction could surge again depending on the outcome of the talks.
China's National Bureau of Statistics announced on Monday that retail sales in August rose 3.4 percent from a year earlier, but was down from July's 3.7 percent. The slowdown is partly attributed to budget-conscious consumers eating out less.
Industrial output in August grew 5.2 percent year on year, but was down from July's 5.7 percent.
The real estate market has also been sluggish with investment in real estate development tumbling 12.9 percent in the eight months through August compared to the same period last year.
New home prices fell in 57 of China's 70 major cities.
Senior government officials from the US and China began a new round of trade talks in Spain on Sunday. But China's economy has been showing stronger signs of slowing down amid concerns that the trade friction could surge again depending on the outcome of the talks.
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Summary
China's economic growth is decelerating as retail sales, industrial production, and real estate investment slow down. Retail sales grew by 3.4% in August, a decrease from July's 3.7%, due to cautious consumers eating out less. Industrial output also decreased from 5.7% in July to 5.2% in August.
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ID: 54b3a82a-2dbd-4368-b1f2-b6e49c6e534e
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250915_09/
Date: Sept. 15, 2025
Created: 2025/09/15 19:00
Updated: 2025/12/08 02:05
Last Read: 2025/09/16 13:30