China’s Sad Economic Review
An August roundup of official economic figures paints a sad picture of China’s once enviable economy—hardly a surprise.
Milton Ezrati
8/22/2026|Updated: 8/22/2026
Commentary
Regular readers of this column will hardly be surprised by the disappointing economic picture emerging in China. Aside from exports, just about every other aspect of the economy—real estate, the consumer, capital investment—has shown pronounced weakness.
And given the growing hostilities toward China trade in the United States, Europe, and even the so-called global south, the durability of this export strength comes into question.
The latest reports from Beijing show that retail sales in July were barely 0.6 percent above year-ago levels. Even at China’s negligible rate of consumer price inflation, the figure announces no growth over the past 12 months, a far cry from the halcyon days of 10, 20 years ago.
Consumers’ reluctance to spend is, of course, an old story. Slow-to-no consumer spending growth has been a long-standing fixture in China’s economy, and the reasons are clear. Living costs have risen faster than incomes, and job security has ...
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READ MORE: https://www.theepochtimes.com/opinion/chinas-sad-economic-review-6077984?ea_src=frontpage&ea_med=section-1
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