China's retail, factory sectors unexpectedly slow in July

Anurag Sharma
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China's economy unexpectedly slowed in July, with activity indicators from industrial output to retail sales missing forecasts by large margins, pointing to a shaky recovery as Beijing shows no sign of easing its zero-Covid policy. Retail sales, which only turned positive in June, rose 2.7% from a year ago, greatly missing analysts' forecast for 5.0% growth.

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