China’s economy loses steam in August, but Beijing seems just fine with that -

China’s economy loses steam in August, but Beijing seems just fine with that

Credit: scmp.com

  • About: 10 days ago
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China’s economy lost momentum in August, with industrial output and retail sales both seeing slower growth, though the weaker figures are unlikely to have come as a surprise to Beijing as it continues to instigate the supply side reforms that are so central to President Xi Jinping’s vision.
The country’s drive to find cleaner and greener ways to grow has intensified since Xi told senior provincial officials in July that environmental protection would be a priority in the years...

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