15 September 2025 | 12:36PM HKT China: August activity data below expectations, with investment especially weak Bottom line: China's activity data broadly weakened and missed market expectations in August (again). Industrial production (IP) growth declined on the back of weaker-than-expected exports, as slowing output growth in ferrous metal smelting, power generation and general equipment industries more than offset faster output growth in the non-ferrous smelting industry. Fixed asset investment (FAI) gro ...