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China’s retail sales growth plunged in August, impeding economic recovery

Summary:
[unable to retrieve full-text content]Retail sales growth in China slumped heavily in August further, accentuating the slowdown in the Chinese economy, the latest economic data shows.Both industrial production and fixed-asset investments growth in August also fell short of expectations, pointing to more softening in the economy.Retail sales, a key measurement of consumer spending in the world’s most populous nation, grew by a mere 2.5 per cent in August compared with a year earlier, way down from the 8.5 per cent increase in July,…

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[unable to retrieve full-text content]
Retail sales growth in China slumped heavily in August further, accentuating the slowdown in the Chinese economy, the latest economic data shows.Both industrial production and fixed-asset investments growth in August also fell short of expectations, pointing to more softening in the economy.Retail sales, a key measurement of consumer spending in the world’s most populous nation, grew by a mere 2.5 per cent in August compared with a year earlier, way down from the 8.5 per cent increase in July,…

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