assets investment: Statistics released by the National Bureau of Statistics Wednesday showed that the growth of the domestic economy slowed down in sectors including manufacturing and consumption in July, but robust exports and steady fixed assets investment were reported for last month, according to Global Times China. China's economy continued to perform within a reasonable range, bureau spokesperson Liu Aihua said at a news conference on Wednesday. Photo Xinhua Chinese officials and experts expressed confidence in China's growth potential as the country's economy showed a stable trend in July amid the ongoing China-US trade war. The situation was similar in the consumption sector. Liu attributed the decline to falling automobile sales. In July, retail sales of consumer goods grew 7.6 percent on a yearly basis, down from 9.8 percent in June.
(news.financializer.com). As
reported in the news.
Tagged under assets investment, news conference topics.