China's economy lost momentum in July, with growth faltering across the board, as weak domestic demand persisted and Beijing intensified efforts to curb excess capacity.
Retail sales last month rose 3.7% from a year earlier , data from the National Bureau of Statistics showed Friday, sharply missing analysts' estimates for a 4.6% growth in a Reuters poll and slowing from June's 4.8% growth.
Industrial output rose 5.7% from a year ago in July, its weakest level since November last year, according to LSEG data, and weaker than analysts' expectations for a 5.9% rise.
Fixed-asset investment expanded 1.6% in the January to July period , undershooting economists' forecasts for a 2.7% growth and slowing from 2.8% in the first six months. Within that segment, the contraction in property