China’s economy lags in July under pressure from tariffs and a weak property market – The Zimbabwe Mail

📅 Published: August 26, 2025

📰 Source: thezimbabwemail_enhanced

Curated by AllZimNews.com

But that also reflected a lower base for comparison, and manufacturers have slowed investments, hiring and production as they watch to see what comes.

Chinese manufacturers also have ramped up shipments to Southeast Asia, Africa and other regions to help offset lost business in the U.

S. “Exports remained a bright spot although the boost from front-loading appears to be tapering off and has started to show up in weak industrial production, as we anticipated,” Oxford Economics’ Sheana Yue wrote in a report.

China also has been enduring flooding from torrential seasonal rains that have disrupted business activity in many parts of the country
The statistics bureau’s report said the economy had shown “notable resilience and vitality against the complex and volatile external environment and adverse impacts from extreme domestic weather. ”
Annual growth in industrial output slowed to 5. 7% in July from 6. 8% in June, the National Bureau of Statistics said.

That was an 8-month low.

Investments in factory equipment and other fixed assets rose a meager 1. 6% in January-July, compared with 2. 8% growth in the first half of the year. “Chinese economic activity slowed across the board in July, with retail sales, fixed asset investment, and value added of industry growth all reaching the lowest levels of the year,” Lynne Song of ING Economics said in a report.

Property investments plunged 12% in the first seven months of the year, with residential housing investment dropping nearly 11%.

Prices for newly built housing in major cities fell 1. 1%, as a prolonged downturn in the property industry lingered.

Yue of Oxford Economics said prices could continue to fall before stabilizing in 2028.

The meltdown in the housing market hit just as the COVID -19 pandemic began, sapping one of the economy’s main drivers of growth and causing dozens of developers to default on their debts.

The crisis rippled throughout the economy, destroying jobs for millions of people. 🔗

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