China's retail sales grew at a much weaker pace in August as the outbreak of Delta variant weighed on consumption, and industrial production growth softened amid supply chain bottlenecks and higher raw material cost.
Retail sales grew only 2.5 percent on a yearly basis in August, data published by the National Bureau of Statistics showed on Wednesday. This was much weaker than July's 8.5 percent growth and the expected rate of 7 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com