🚀 China's economy gets a boost! Industrial output & retail sales grew faster than expected in August, thanks to recent support policies. But property investment slumped further 🏠
Key takeaways:
- Industrial output up 4.5% YoY, fastest since April 🏭
- Retail sales up 4.6%, quickest growth since May 🛍️
- Chinese yuan hits 2-week high against the dollar 💹
However, the recovery isn't guaranteed. Challenges include:
- Deteriorating property investment 📉
- High youth unemployment 🎓
- Sino-US tensions 🌏
What do you think? Can China sustain its economic recovery? Share your thoughts below! 👇