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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.