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現在の単語数: 148語

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作成日: 2024/09/18 07:00

更新日: 2025/12/08 10:29

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New data out of China shows slowing growth in consumption and industrial output in August.
                
Figures from the National Bureau of Statistics show retail sales grew 2.1 percent from a year earlier, down from 2.7 percent growth in July.
                
The August result was largely driven by higher food prices, a result of unseasonable weather. The growth was limited as budget-minded consumers cut back their spending on automobiles and jewelry.
                
Industrial output climbed 4.5 percent year-on-year, but that was also a decline from July.
                
China&#039;s real estate sector continues to sputter. Investment in property from January to August was down by 10.2 percent from the same period last year.
                
Weakness across the sector has been a persistent drag on the economy.
                
The government is trying to spur consumption with incentives for consumers to upgrade cars and home electronics.
                
It&#039;s also planning new measures to halt the real estate slump.

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