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China’s economic momentum weakens amid coronavirus controls and property curbs

Summary:
[unable to retrieve full-text content]China is increasingly likely to loosen some liquidity conditions as weak economic data released on Wednesday cast a pall over the world’s second largest economy and fresh coronavirus outbreaks add to concern about a slowdown, economists said.Retail sales growth slumped in August to 2.5 per cent, far lower than the 7 per cent estimate in a Bloomberg survey of analysts and an 8.5 per cent increase in July, data from the National Bureau of Statistics (NBS) showed.Industrial production was also…

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[unable to retrieve full-text content]
China is increasingly likely to loosen some liquidity conditions as weak economic data released on Wednesday cast a pall over the world’s second largest economy and fresh coronavirus outbreaks add to concern about a slowdown, economists said.Retail sales growth slumped in August to 2.5 per cent, far lower than the 7 per cent estimate in a Bloomberg survey of analysts and an 8.5 per cent increase in July, data from the National Bureau of Statistics (NBS) showed.Industrial production was also…

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