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China factory output, retail sales miss expectations as Covid cases emerge

China's economy has rebounded to its pre-pandemic growth levels, but the expansion appears to be losing steam

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China economic growth | China economy

Kevin Yao Liangping Gao & Gabriel Crossley | Reuters Reuters  |  Beijing 

China's factory output and retail sales both rose more slowly than expected in July from a year ago, data showed on Monday, amid signs of increasing pressure on China's economy as export growth cooled and new COVID-19 outbreaks disrupted business. Industrial production in the world's second largest economy increased 6.4% year-on-year in July, against expectations for 7.8% growth and after rising 8.3% in June. China's economy has rebounded to its pre-pandemic growth levels, but the expansion appears to be losing steam as businesses have grappled with higher costs and ...

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First Published: Mon, August 16 2021. 08:21 IST
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