Tech growth drives Chinese factory activity

The article focused on China's economic performance in August, where industrial activity improved driven by a surge in AI-related technology, which lifted factory output by 5.2% year-on-year and surpassed expectations. However, consumption remains weak, with retail sales rising by only 0.4% and real estate investments declining by 19.9%, leading to a slowdown in GDP growth to 4.3% in the second quarter. The government is leading efforts to finance advanced manufacturing and support the tech market, but weak domestic demand and the ongoing real estate crisis keep economic growth sluggish, with further slowdown expected amid a complex external environment.

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