China's retail, factory sectors perk up in August | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
China's retail, factory sectors perk up in August

Global Economy

Reuters
16 September, 2022, 09:50 am
Last modified: 16 September, 2022, 09:53 am

Related News

  • China's Xi calls for 'proper handling of frictions' at tense summit with EU officials
  • Milestone tragedy: Chinese medical experts conduct video consultation with burn institute doctors
  • India to resume issuing tourist visas to Chinese citizens
  • Chinese hydropower project on Yarlung Zangbo River won't affect downstream flow: Envoy
  • Bangladesh delegation visits China to promote investment opportunities

China's retail, factory sectors perk up in August

Reuters
16 September, 2022, 09:50 am
Last modified: 16 September, 2022, 09:53 am
Vendors wait for customers at fabric stores in Chongqing, China, on June 1. Photographer: Qilai Shen/Bloomberg
Vendors wait for customers at fabric stores in Chongqing, China, on June 1. Photographer: Qilai Shen/Bloomberg

China's economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales shoring up the recovery from the crippling effects of Covid curbs, heatwaves and a deepening property slump.

The better-than-expected figures show the world's second-largest economy is gaining some steam, after narrowly escaping a contraction in the June quarter and lifting recovery prospects slightly for the rest of the year.

Industrial output grew 4.2% in August from a year earlier, the fastest pace since March, according to the National Bureau of Statistics (NBS). The figure beat a 3.8% increase expected by analysts in a Reuters poll and the 3.8% expansion in July.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Retail sales rose 5.4% from a year ago, beating forecasts for 3.5% growth and the 2.7% gain in July and hitting the fastest pace since February.

The upbeat set of data lifts some of the gloom hanging over the sluggish recovery, which had been clouded by weak trade data and slow credit growth.

Fixed asset investment grew 5.8% in the first eight months of 2022 from the same period a year earlier, above a forecast 5.5% rise and up from January-July's growth of 5.7%.

However, property investment in January-August fell 7.4% year-on-year, extending a 6.4% decline in January-July and raising pressure on the already challenged sector.

Amid weak consumer and business confidence, companies are wary of expanding and hiring more workers. The nationwide survey-based jobless rate eased slightly to 5.3% in August from 5.4% in July. Youth unemployment stayed high at 18.7%, after reaching a record 19.9% in July.

Policymakers have announced over 50 policy measures since late May to bolster the economy and stressed this quarter was a critical time for policy action.

A cabinet meeting chaired by Premier Li Keqiang on Tuesday announced extended tax relief for small firms and an additional 200 billion yuan relending quota for manufacturing and social services industries.

Analysts expect more disruptions from tighter Covid-19 controls in September before the ruling Communist Party's Congress that starts 16 Oct, where President Xi Jinping is poised to break with precedent and secure a third leadership term.

A new leadership team would inherit a range of challenges, including questions on how to unwind what many see as an unsustainable zero-Covid policy to a property crisis and rising tensions with Washington.

Top News / World+Biz / China

China / Retail

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Hasina and Taposh in an event in 2020. Photo: Collected
    Al Jazeera investigation: Hasina, in call with Taposh, talks using helicopter to shoot, crush protesters in July uprising
  • Former Chief Justice ABM Khairul Haque being produced before the Dhaka Chief Metropolitan Magistrate Court  on 24 July 2025. Photo: TBS
    Ex-CJ Khairul sent to jail over July Uprising murder case
  • Representational image. Photo: Collected
    Tariff talks: Bangladesh, US set for crucial virtual meeting on 29 July

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
    BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 

Related News

  • China's Xi calls for 'proper handling of frictions' at tense summit with EU officials
  • Milestone tragedy: Chinese medical experts conduct video consultation with burn institute doctors
  • India to resume issuing tourist visas to Chinese citizens
  • Chinese hydropower project on Yarlung Zangbo River won't affect downstream flow: Envoy
  • Bangladesh delegation visits China to promote investment opportunities

Features

Illustration: TBS

The future of medicine: How innovations will catalyse quantum leaps in healthcare

2h | The Big Picture
Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

23h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

2d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

2d | Panorama

More Videos from TBS

There are many more examples of trials of Chief Justices in the world.

There are many more examples of trials of Chief Justices in the world.

30m | TBS Today
Why is there a massive conflict between Thailand and Cambodia?

Why is there a massive conflict between Thailand and Cambodia?

45m | TBS News Updates
Former Chief Justice ABM Khairul Haque in prison

Former Chief Justice ABM Khairul Haque in prison

1h | TBS Today
The Nvidia Chip Deal Trades Away the United States’ AI Advantage

The Nvidia Chip Deal Trades Away the United States’ AI Advantage

55m | Videos
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net