Chinese Data Expected to Show Economy Still Faltering

Economic Recovery Challenges: China's economic recovery remains uneven, with consumer spending lagging behind industrial activity and investment, leading to calls for additional policy stimulus as retail sales show sluggish growth despite a slight improvement in July.

Policy Responses and Market Conditions: The central bank's recent interest-rate cut and initiatives to boost consumer spending have not significantly improved confidence, while ongoing issues in the housing market continue to hinder economic stability, prompting the government to accelerate bond sales for infrastructure funding.