China's Economic Growth Surges in August
Originally Published 2 years ago — by CNN
China's economic data for August suggests that the downturn in growth may be stabilizing, with industrial production and retail sales showing improvement. Investment in fixed assets also grew, indicating a potential turnaround. Despite concerns over weak export demand and a property crisis, economists believe that the worst may be over for China's economy. The People's Bank of China recently made a surprise cut to the reserve requirement ratio to support economic recovery. However, economic data has not yet shown a sustained recovery trend, with consumer prices remaining listless.