China's Economy: Stabilizing Amid Property Slump Threats

China's industrial production and retail sales grew at a faster pace in August, indicating signs of stabilization in parts of the economy. However, tumbling investment in the property sector poses a threat to the overall economic outlook. The property industry remains a major drag on growth, despite recent support measures. Analysts expect more policy support to sustain growth momentum, as the recovery is still uncertain due to low confidence in the property sector and other challenges such as high youth unemployment and rising Sino-U.S. tensions.