China’s economy lags in July under pressure from tariffs and a weak property market
Associated Press2 days
China's Economy Slows in July Amid US Tariff Pressures
Above: Workers build large ships at shipyards along the Yangtze River in Yangzhou City, China, on Aug. 13, 2025. Image copyright: Costfoto/NurPhoto/Getty Images
The Spin
Pro-China narrative
China's economy shows remarkable resilience despite facing headwinds. The 5.7% industrial growth demonstrates solid momentum, particularly in the high-tech and equipment manufacturing sectors, which expanded by nearly 9%. Export growth of 7.2% makes clear the economy's adaptability.
Anti-China narrative
Economic indicators reveal concerning weakness across the board. Industrial production reached its slowest pace since November, while retail sales posted the weakest performance of the year. Rising unemployment and declining investment signal deeper structural problems ahead.