Industrial production in the world's second-largest economy increased 6.4% year-on-year in July, data from the National Bureau of Statistics (NBS) showed. Analysts had expected output to rise 7.8% after growing 8.3% in June.
Retail sales increased 8.5% in July from a year earlier, far lower than the forecast 11.5% rise and June's 12.1% uptick. China's economy has rebounded to its pre-pandemic growth levels, but the expansion is losing steam as businesses grapple with higher costs and supply bottlenecks.
Fu Linghui, an NBS spokesperson, said that China's recovery remains uneven due to sporadic COVID-19 outbreaks and natural disasters.
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