Retail sales in China grew last month at the slowest pace in over a year, official data showed Friday, highlighting the battle facing authorities' efforts to counteract persistent consumer malaise.
The world's second-largest economy has been confronted with sluggish domestic spending since the end of the Covid pandemic, with a prolonged debt crisis in the property sector weighing on sentiment.
Many economists argue that China must shift to a growth model driven more by consumption than infrastructure investment and exports, long the key sources of activity.
Leaders are targeting overall growth in 2025 of five percent, a goal experts say remains within reach despite an apparent slowdown in the latter half of the year.
"External instability and uncertainty factors remain numerous, domest

NBC Right Now

The Cut
CBS News
FOX 13 Tampa Bay Crime
Raw Story
The Conversation
Deseret News
KSL Utah
The Daily Sentinel
AlterNet