China slowdown deepens: Factory output, retail sales miss forecasts; property slump, weak demand fuel stimulus calls
China’s economy lost further steam in August, with factory output and retail sales both underperforming expectations, raising pressure on Beijing to roll out fresh stimulus as weak consumption and a property slump weigh on growth.According to data from the National Bureau of Statistics (NBS), industrial output rose 5.2 per cent year-on-year in August, slowing from…