China s faltering economic recovery adds to global growth risks sunjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunjournal.com Daily Mail and Mail on Sunday newspapers.
HONG KONG: Asian stocks were mostly down on Monday as weak Chinese economic data, fears of a resurgent coronavirus and the Talibans victory in Afghanistan gnawed at investor sentiment. Retail sales in China expanded 8.5 percent in July year-on-year and industrial output was up 6.4 percent,
China's economy slowed more than expected in July, adding to signs that the global recovery is coming under pressure as the delta virus variant snarls supply chains and undermines consumer confidence.