Chinese growth continues to be under pressure
Chinese economic growth slowed further in August. This is apparent from various macroeconomic figures released on Monday. According to experts, they are a signal that the current monetary stimulus measures in the country, including protection against the effects of the trade dispute with the United States, are not sufficient.
Industrial production increased by 4.4 percent in August compared to a year earlier, where market researchers expected a growth of 5.2 percent. That is the lowest monthly figure since 2002. Retail sales increased by 7.5 percent in the month in question, while economists were expecting a growth of 7.9 percent. Investments in fixed assets were also lower than anticipated.