Chinese economy softens on property downturn despite stimulus measures
Unexpectedly weak growth in investment, retail sales and bank lending in July all pointed to growing vulnerabilities in the world’s second-largest economy.
The biggest surprise from yesterday’s data deluge came from credit and financing figures that showed the amount of cash flowing into the world’s second-largest economy tumbled to a near six-year low in July of 273.1bn yuan — about one seventh of that in June.