China’s retail sales defied expectations for a second straight month
BEIJING—China continued to build on its post-coronavirus recovery in July, though momentum cooled slightly as challenges at home and abroad piled up and Beijing eased off stimulus measures.
China’s factories continued to lead the recovery last month, though the 4.8% expansion in industrial production from a year earlier, matching June’s increase, undershot economists’ expected 5.0% increase, according to data released Friday by the National Bureau of Statistics.
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