China's Economy Lost Some Steam at Start of Third Quarter

Core Viewpoint - Recent data indicates a broad-based slowdown in China's economy, increasing pressure on the government to stimulate growth and consumer spending amid external challenges such as tariffs from the U.S. [1] Economic Indicators - Retail sales and industrial production growth both decelerated in July compared to June, suggesting a tougher economic environment in the latter half of the year [1] - Industrial production in China increased by 5.7% year-on-year at the beginning of the third quarter, a decline from June's 6.8% growth [2]