Rolling coverage of the latest economic and financial news
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New data suggest the Chinese economy slowed in July, as Donald Trump’s trade war began to bite at the second biggest economy in the world.
Figures coming out of Beijing last night showed that Chinese industrial production rose at the slowest rate since November and expanded by 5.7% compared with the same point last year, worse than an expected 6%.
Meanwhile Chinese retail sales grew by 3.7% year-on-year in July, its slowest pace so far this year and down from 4.8% the previous month.
