Beijing‘s official data also showed that retail sales, consumption indicator, increased by 3.7 percent last month, the slowest pace since December. According to analysts, these indicators can lead to strengthening government stimuli.
“This increases the pressure on politicians to introduce further stimulation measures to revive domestic demand and avert external shocks in the economy of $ 19 trillion,” Reuters wrote.
She added that these unsatisfactory indicators come at a time when China is struggling with multiple queues, from US President Donald Trump’s business policy to extreme weather, excessive competition on the domestic market to chronic weakness in the real estate sector.
Analysts expect China’s gross domestic product growth to slow down to 4.6 percent of last year’s five percent last year.
Europe and the US are lagging behind
For comparison, this year’s economic growth is expected to be around one percent, in the case of the US it should be about half a percent faster.
Industrial production in the EU increased by half a percent year -on -year in June, while growing pace significantly slowed from 2.7 percent in May. In the Czech Republic, growth rate slowed to 0.2 percent from 2.2 percent in May. US factory production recorded a year -on -year increase of 0.6 percent after an increase of 0.9 percent in the previous month.
date:2025-08-15 17:47:00