China’s economy slowed last month due to the impact of the trade war imposed on Beijing by US president Donald Trump, as both household spending and production declined during this period.
This weak performance is expected to push the government to introduce new measures to stimulate the economy, as both the property sector and exports have been affected.
According to data released on Monday by the National Bureau of Statistics, industrial production rose by 5.2% year on year last month.
A spokesperson for the bureau said more efforts were needed to support the struggling property sector.
The Chinese economy relies heavily on exports, and this sector has been hit hard by the tariffs imposed by the Trump administration. Despite a temporary truce announced until November, Chinese exports to the United States dropped sharply in August.
However, Chinese companies have managed to offset some of the losses by redirecting their exports to other markets in Southeast Asia, Africa and Latin America.
