China's major economic statistics for July were released, and the growth rate of industrial production decreased compared to June due to the effects of global semiconductor shortages and natural disasters, and indicators showing consumption trends are also domestic. The growth rate declined due to the re-expansion of the new coronavirus infection.
China's National Bureau of Statistics released key economic statistics last month on the 16th.
According to this, industrial production was up 6.4% compared to the same month last year, while the growth rate was down 1.9 points compared to June.
This is mainly due to the drop in automobile production due to the global shortage of semiconductors and the flood damage caused by record heavy rains in the inland Henan province.
“Retail sales,” which show consumption trends, also increased by 8.5% compared to the same month last year, but the growth rate decreased by 3.6 points compared to June.
In the midst of lack of strength in personal consumption, a person infected with the highly infectious mutant virus "Delta strain" was confirmed in Japan late last month, and the spread of the infection has affected the situation.
Statistics officials said, "Although the economy as a whole continues to recover, it still faces many challenges and is increasing the factors that constrain production." There is also a growing sense of caution about the future of the re-spread of infection outside.