BEIJING, Sept 14, 2024—China’s industrial production growth saw a decline in August, recording a year-over-year increase of 4.5%, according to the latest data released. This represents a slowdown from the 5.1% growth rate observed in July 2024.The deceleration in industrial output, updated on September 14, 2024, signifies a modest cooling in the world’s second-largest economy amid ongoing global economic uncertainties. The August figure underscores a continued, albeit slower, expansion in manufacturing and production sectors compared to the same month last year.This latest update reflects the dynamic economic challenges China faces, as policy-makers work to balance growth objectives with inflationary pressures and shifting demand dynamics. Observers will be keenly watching for further policy responses to sustain industrial momentum and broader economic stability in the coming months.The material has been provided by InstaForex Company – www.instaforex.com
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