Asia Times
Staff 7/14/19
[excerpt]
http://www.atimes.com/article/chinas-economy-shows-further-signs-of-cooling/There are different stages of cooling. But it would be fair to say China’s economy is going through a distinctly ‘chilly’ phase as the numbers start to stack up.
Business activity has dipped, retail sales have slowed and now investment has taken a hit, data from the National Bureau of Statistics revealed on Tuesday.
Fixed-asset investment, which is crucial for the world’s second-largest economy, dropped to a record low in the first seven months of the year. Between January and July, it expanded by just 5.5%.
