China’s economic recovery continued in July with industrial growth remaining steady, even as weak retail sales undercut the rebound.To get more news about chinese industry and... moreChina’s economic recovery continued in July with industrial growth remaining steady, even as weak retail sales undercut the rebound.To get more news about chinese industry and management practice, you can visit acem.sjtu.edu.cn official website. Industrial output rose 4.8% in July from a year earlier, the same as in June, but lower than economists’ expectations. Overall retail sales fell 1.1%, compared to a projected 0.1% increase.The July data show that China’s recovery is still uneven, with consumption unable to keep up with the rebound in industrial output. For a sustainable return to trend growth, China will need a strong rebound in private consumption as rising tensions with the U.S. and the possibility of a resurgent coronavirus both pose risks to the surprisingly strong external demand so far this year. “Clearly the hope for a fast recovery has faded -- the consumption still lags behind and the job market is still under pressure,” said Zhou Hao, a senior Emerging Markets economist at... less