China’s industrial output growth recorded reduction in August

According to the latest data from the Chinese government, the country’s industrial output growth weakened to 4.4% in August 2019, from 4.8% in July, signaling the deepening impact from the escalated trade war between the world’s two largest economies: China and USA.

Based on Reuters’s records, the delivered industrial exports also fell 4.3% in August 2019 compared to the same period last year. 

Chinese official – Premier Li Keqiang said that it is difficult for China’s economy to grow at 6% and above and that it faced downward pressure.

On a bright side, infrastructure investment growth picked up to 4.2% in August, up from the 3.8% in January – July period.