China Oil Imports Jump 22% Even as Economic Data Disappoints
China began the third quarter with weaker-than-expected key economic indicators, raising additional concerns about the health of its economy and its demand for crude oil in the coming months.
Retail sales increased by just 0.6% in July from a year earlier, down from 1% annual growth in June, official Chinese data showed on Monday.
Retail sales last month came in well below the analyst estimate of 1.5% growth in a Reuters poll, despite summer tourism spending.
Growth in industrial output also fell short of expectations, with a 4.5% increase in July…
China's economy weakens in July
- China’s economy shows signs of weakness in July Financial Times —
- China’s Economic Activity Weakened in July Wall Street Journal —
- China's Economic Woes Mount With Disappointing Data Bloomberg —
- China Growth Woes Deepen With Disappointing Start to Second Half Bloomberg —
- China's Economic Woes Mount as Growth Weakens Across the Board | The Pulse 8/17/2026 Bloomberg —