China Reports Big Retail Sales Miss, Underscoring Growth Worries

China Reports Big Retail Sales Miss, Underscoring Growth Worries

Activity in the world's second-largest economy slowed again in August, closely-watched data out Wednesday showed. Retail sales in China rose just 2.5% YoY last month (figure below), barely matching the lowest estimate from 35 economists. Consensus was looking for a 7% increase. This is a familiar tale. Concerns about domestic demand haven't abated, even as retail sales eventually caught up to the rebound in industrial output after lagging in the initial stages of the country's recovery from th
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