China's economy remains sluggish as July retail sales grow just 0.6%, below expectations

Macro Impact 4
โดย CNBC·CN·Read original
Summary · why it matters

China's National Bureau of Statistics reported that retail sales in July expanded only 0.6% year on year, below the 1.5% analysts had expected and slowing from 1% in June. Urban fixed-asset investment in the first seven months contracted 6.7%, worse than forecast, while industrial output grew 4.5%, below the 4.8% expected. The urban unemployment rate rose to 5.2% from 5% the previous month. The data, released later than usual, reinforced concerns about the imbalance between demand and supply in China's economy. New bank lending in July fell by the most on record month on month, according to Barclays, and household credit also declined after a brief recovery in June. A private survey by a team led by Li Daokui of Tsinghua University put China's broad unemployment rate at 10.2%, significantly higher than the official figure.

Impact on stocks 1

Financials▲ · 1 stocks
© 2026 MarketDXNews