The Chinese economy continues to show signs of slimming.
In August, the Chinese economy showed signs of reselling with retail sales, slowed in production and industrial investment, increasing unemployment and continuous difficulties in the real estate market. Industrial production, 5.7 % at the beginning of the third quarter, was only 5.2 % last month. Economists have been waiting for growth of 5.8 percent. The retail industry only increased by 3.4 % on the basis of annual and still below expectations, industrial production and fixed asset investment are still below estimates. While sales and new housing prices continue to decrease, real estate investment decreased in the first eight months 12.9 %. In the first 8 months of the year, fixed asset investments only increased by 0.5 %. Economists have expected 1.3 percent growth. The growth in the 8 months was 1.6 percent. While the manufacturer price decreased by 2.9 %, the consumer price continued to reduce the pressure by viewing almost zero. Exports also slowed down only 4.4 % in August and recorded the weakest growth in the past six months. Economists say that the economy has created a stronger growth more expected at the beginning of the year due to the impact of export and accumulation of stocks, losing motivation. Like the allowances offered for white goods and electric vehicles swap, Beijing's humble encouragement efforts have a limited impact on consumption. While China continues to reach 5 % growth target by 2025, policy makers can avoid new incentives unless the conditions worsens. When they face dependence on exports and investment, global and local challenges, their calls for balance for consumer continue.
