China's industrial output, retail sales, and new home prices weakened in August, raising concerns about the country's economic recovery. The data indicates a slowdown in growth momentum and suggests the need for further stimulus measures.
‘Islam under threat’ in Malaysia? DPM Zahid’s religious adviser says to compare unity govt’s firm responses and PAS’ rhetoric to know truth
The sluggish data released today echoed soft bank lending figures yesterday, underscoring weak growth momentum of the world’s second-biggest economy in the third quarter. "The Q3 GDP is likely to be lower than Q2 based on current data flows. We expect large-scale stimulus to come soon." The protracted property slump has led to Chinese consumers cutting back on spending. Some experts have even proposed distributing shopping vouchers to counter the trend.
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