Shanghai Bund Skyline Panorama
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China’s economic recession deepened in August, as the major indicators were disappeared from expectations, as weakened domestic demand persists and Beijing’s campaign against industrial overcapsity curd output.
Retail sales rose 3.4% from a year ago last month, showing the National Bureau of Statistics figures on Monday, a Reuters Poll of analysts to a 3.9% increase in the poll and slowed down by a 3.7% increase of 3.7%.
According to LSEG data, compared to a jump of 5.7% in July since August 2024, increased by 5.2% in August. Economists had expected that the data would be unchanged from last month.
Fixed-asset investment, reported on a year-on-year-a-year-old basis, only 0.5% expanded, by 1.6% extent in the period from January to July, and by reduced economists’ forecast for an increase of 1.4%.
Within that segment, the contraction in real estate investment deteriorated, decreased by 12.9% in the first eight months, showing government figures. Investments in manufacturing and utilities field – including electricity, fuel and water supply – increased by 5.1% and 18.8% respectively.
Fixed-asset investments in manufacturing have seen “modest and uneven growth”, which is the head economist of the think-tank, the head economist of the Chinese Center of the Conference Board, stated, citing increase in policy-based state investment in high-tech and infrastructure, high-tech and infrastructure, high-tech and infrastructure, high-tech and industrial upgradation.
China’s survey-based urban unemployment rate in August was 5.3%, which was more than 5.2% in the earlier month. The Bureau of Statistics blamed the increase in unemployed rate during the graduation season.
In the release of an English language, the Bureau of Statistics said, “We should be aware that there are many unstable and uncertain factors in the external environment, and national economic development is still facing many risks and challenges.”
“We should apply macro policies completely, focus on maintaining employment, businesses, markets … expectations stable, deep improvement and opening and innovation, so that promote stable and healthy economic growth.”
Zhang said that the consumption of service gained momentum under the leadership of travel, leave and transport, indicated a gradual change in spending services, Jhang said.
Retail sales, except for automobile consumption, increased by 3.7% in August a year ago. Increase in consumption in rural areas showed that in urban centers, 4.6% in August a year ago.
NBS spokesman Fu Linghui said in a press conference that it was difficult to explain after the release whether consumer inflation has reached a divine point, while consumer prices are expected to be unstable.
China’s consumer price index collapsed More than last month expectedA year ago, taking a dip of 0.4%, while the manufacturer’s prices remained for a third year.
Fu accepted uncertainty around “imported inflation” – where the prices of imported goods could increase due to a weak yuan, rising global goods prices and high tariff rates such as high tariff rates. He pointed to supporting “anti-immolation” policies, which targets excessive competition and price wars from manufacturers, which eventually “spread” to consumer prices.
In the largest growth -experience categories, sales of gold, silver and jewelry increased by 16.8% in August a year ago, while sports and entertainment products increased by 16.9%, and furniture sales increased by 18.6% from a year ago.
The largest lagard in consumption was petroleum, as well as tobacco and alcohol -related products.
The CSI 300 index of the mainland increased about 1% immediately after China’s release of economic data.
“The recession is not surprising for the markets,” as investors had already expected to weaken in the third quarter, the president and chief economist of the pinpoint asset management and Chief Economist Jhiwi Zhang said, both faded after promoting export and fiscal support of Beijing.
Zhang said that Beijing’s fiscal policy may be “more helpful on margin”, but is unlikely to a large excitement package, unless Beijing sees that the economy is in danger of remembering its 5% development target, Zhang said.
