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China’s retail sales growth slows more than expected in July

China’s retail sales growth slows more than expected in July

16 Aug 2021

Residents walk through disinfectant spray as their residential community lifts epidemic-control lockdown on August 14, 2021, in Nanjing, Jiangsu Province of China.

Ruan Zhong | Visual China Group | Getty Images

BEIJING — China released economic data for July that showed slower-than-expected growth.

Retail sales rose by 8.5% in July from a year ago, lower than the forecast 11.5%, according to analysts polled by Reuters.

Industrial production grew by 6.4%, also below expectations of a 7.8% year-on-year increase in July, according to the Reuters poll.

Fixed asset investment for the first seven months of the year rose by 10.3%, below the forecast of 11.3% year-on-year growth for the January to July period, according to Reuters.

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