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China's economy at a glance - August 2019
A broad range of China’s economic indicators – including industrial production, fixed asset investment and retail sales – were softer in July, following a surprise pickup in June. A trend across these two months points to a continued gradual slowdown, even before the next phase of US tariffs (and China’s retaliatory measures in response). For now, our growth forecasts remain unchanged, at 6.25% yoy in 2019, 6.0% in 2020 and 5.8% in 2021 – on the assumption of a domestic policy response, however the deteriorating US-China trade relationship continues to highlight downside risk. Following a surprise upturn in ... (full story)