China retail growth hits low since May

China's economy experienced a slowdown in retail sales growth in August, registering an increase of only 0.4% year-on-year, marking the slowest pace since May and falling short of analysts' expectations of 0.8%. This deceleration occurs despite ongoing efforts by the government to boost consumer spending, as persistent weak domestic demand continues to hinder economic growth. Additional challenges include a 7.2% decline in fixed asset investment during the same period. On the other hand, industrial production rose by 5.2%, surpassing expectations and indicating some improvement in the industrial sector. However, external challenges and factors related to weakened demand continue to impact sustainable economic stability. The government projects growth between 4.5% and 5% for 2026, though current outlooks suggest that the slowdown will persist, with some time needed before the effects of financial support measures become evident.

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