India, Aug. 14 -- China's industrial production grew at slowest pace in 17 years in July as trade disputes with the US dampened manufacturing activity. Moreover, retail sales growth eased further, reflecting weak domestic consumption.
Industrial output growth eased to 4.8 percent in July from 6.3 percent in June, the National Bureau of Statistics reported Wednesday.
Production rose at slowest pace since 2002 and slower than the expected increase of 6 percent.
Likewise, growth in retail sales slowed to 7.6 percent from 9.8 percent a month ago. This was the weakest growth in three months. The annual rate was forecast to slow moderately to 8.6 percent.
During January to July period, fixed asset investment logged an annual growth of 5.7 pe...