China’s economic recovery looks disappointing

China's economic recovery looks disappointing

BEIJING — Growth in a range of Chinese economic indicators bounced back sharply in August, as a new outbreak of the delta variant of Covid-19 and tighter government regulations on the property market hit consumer spending and the housing sector.

Retail sales, a key gauge of China’s consumption, rose just 2.5% in August from a year earlier, compared to July’s 8.5% year-on-year increase, according to data released Wednesday by China’s National Bureau of Statistics. less rapidly. The result marked the lowest pace of growth in a year and missed the big margin of 6.3% growth expected by economists surveyed by The Wall Street Journal.

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