China's industrial production grew at slowest pace in 17 years in July as trade disputes with the US dampened manufacturing activity. Moreover, retail sales growth eased further, reflecting weak domestic consumption.
Industrial output growth eased to 4.8 percent in July from 6.3 percent in June, the National Bureau of Statistics reported Wednesday. Production rose at slowest pace since 2002 and slower than the expected increase of 6 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.