China Factory Output Rises as Consumption Slows
China industrial output grew faster in August driven by a tech boom. However sluggish retail sales and a property downturn highlighted deep economic imbalances.
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China's industrial output grew 5.2% in August from a year earlier, driven by an AI-led tech boom that outpaced expectations. The expansion highlights a sharp economic divergence as sluggish household consumption and a severe property downturn weigh on domestic demand. The deepening imbalance increases pressure on Beijing to introduce targeted stimulus measures to support the world's second-largest economy.
