China's industrial production and retail sales growth slowed in July, suggesting a slowdown in the economic recovery amid new COVID-19 outbreaks and supply chain disruption.
Industrial production growth slowed to 6.4 percent in July from 8.3 percent a month ago, data from the National Bureau of Statistics revealed Monday. Output was expected to gain 7.8 percent.
Retail sales grew at a slower pace of 8.5 percent on a yearly basis, following a 12.1 percent rise in June. This was also weaker than the economists' forecast of 11.5 percent.
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