Falling retail sales and weaker industry coincide with slowing export growth, adding pressure on the economy
China’s economy showed signs of strain in August, as sluggish domestic demand, headwinds from the US trade war and a prolonged property downturn continued to weigh on several major indicators.
Retail sales, a major gauge of consumption, rose by 3.4 per cent in August from a year earlier, slower than the 3.7 per cent growth observed in July, data from the National Bureau of Statistics (NBS) showed on Monday.
The figure fell short of the 3.82 per cent growth forecast in a poll by financial data provider Wind.
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