Industrial production in China, which has the world's second largest economy, increased by 6.4 percent on an annual basis in July. Analysts had expected the data, which rose 8.3 percent in June, to rise 7.8 percent in July.
Retail sales in China increased by 8.5 percent in July compared to the same month of the previous year, but remained below the 11.5 percent expected by analysts. Retail sales rose 12.1% in June.
Although China's economy recovered to its pre-epidemic growth level, economic growth lost its momentum as businesses faced higher costs and supply shortages.
The new coronavirus cases that emerged in July also caused some restrictions to be introduced again, disrupting industrial production, which was already badly affected by the harsh weather conditions this summer.
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