China's economic recovery has unexpectedly weakened in July, and the nationwide new epidemic has caused consumers and corporate expenditures to take over the shadow of growth prospects.
According to the information released on Monday (August 15) of the National Statistics Bureau of China, China's industrial added value in July increased by 3.8%year -on -year, below 3.9%in June.The total retail sales of social consumer goods increased by 2.7%, 0.4%from June.
Economists who have previously been surveyed by the Wall Street Journal predict that China's industrial added value in July will increase by 4.5%year -on -year.According to Bloomberg, economists predict that it will increase by 4.3%.
Due to repeated restrictions and re -opening threats, the promise of China's epidemic is difficult to maintain any difficult economic progress.Although the number of cases in Shanghai and surrounding provinces last month was low, the number of cases in Anhui, Xi'an and Manufacturing Center Wuxi increased.
As for the growth of the total retail sales of social consumer goods, the expected median value of economists surveyed by the Wall Street Journal showed that the retail sales in July increased by 5.0%year -on -year.The above data is far lower than the expectations of economists.
Cumulative, the total retail sales of social consumer goods decreased by 0.2%year -on -year from January to July this year; and 0.7%year -on -year from January to June.
Affected by the outbreak, from January to February 2020, the indicator dropped by 20.5%year -on -year, and the lowest record of recorded records until August that year did not turn, a year -on -year increase of 0.5%.The indicator of 2020 decreased by 3.9%year -on -year.
For many years before that, the growth rate of the total retail sales of social consumer goods has maintained a double -digit growth.
On the other hand, in the first seven months of this year, China's real estate development investment continued to decline.According to data released by the National Bureau of Statistics of China, the real estate development investment from January to July decreased by 6.4%compared with the same period of the previous year, which was accelerated from 5.4%in the first half of this year.
In the first seven months of 2022, the key indicator of the key indicator of the demand decreased by 31.4%compared with the same period of the previous year.The decline from January to June this year was 31.8%.
From January to July this year, the new construction area of Chinese houses fell by 36.1%, which expanded compared with the 34.4%decline in the first six months of this year.
