China’s growth stumbles in July as retail sales, industrial output miss forecasts
Shanghai, China – August 14, 2025 – Tourists are visiting Bund in Shanghai, China on August 14, 2025.
Cfoto | Future Publishing | Getty Images
China’s economy lost acceleration in July and weak domestic demand continued and Beijing intensified its efforts to prevent excessive capacity.
Last month, retail sales increased by 3.7% compared to the previous year, data from the National Statistics Bureau on Friday, and showed estimates that analysts slowed down by 4.6% in a Reuters survey and that June slowed down from 4.8% growth.
According to LSEG data, industrial production increased by 5.7% in July one year ago in July, the weakest level since November last year and the highest increase in analysts and an increase of 5.9%.
The fixed asset investment in July grew by 1.6% annually, and the prediction of economists slowed down from 2.7% growth and 2.8% in the first six months. In this segment, the contraction in property investment worsened and fell 12% in the first seven months.
Separately, China’s urban unemployment rate in July was 5.2%, and it was achieved higher after staying at 5% in May and June. However, the unemployment rate between the ages of 16 and 24, except university students, remained over 14% for a year.
Economist Intelligence Unit Senior Economist Tianchen XU was expected to emerge in the first half of the year in the first half of the government.
The Chinese economy increased by 5.3% in the first half of the year to meet Beijing’s 5% growth target. However, economists warned that full -year growth risks emphasized the target of growth and required new policy support in the second half of the year.
On Monday, Beijing and Washington announced that they would extend the tariff pause until mid -November, prevent steep tariffs, and take more time for both sides to negotiate a permanent agreement.
Despite the temporary ceasefire, he said, “From technology access and critical minerals to industrial policy and geopolitical harmony,” he said.
Qian, who advised both governments during the ongoing negotiations, said that the “great political exchange” was separated for a potential summit between US President Donald Trump and Chinese counterpart Xi Jinping in the coming months.
