A pedestrian walks past the People's Bank of China (PBOC) headquarters in Beijing, China, on Friday, June 7, 2019. China's central bank governor said there's "tremendous" room to adjust monetary policy if the trade war deepens, joining counterparts in Europe and the U.S. in displaying readiness to act to support the economy. Photographer: Qilai Shen/Bloomberg
BEIJING: China reported a raft of weak economic data, adding to evidence that the world’s second-largest economy is slowing further as it remains locked in a trade war with the U.S.
The jobless rate in Chinese cities returned in July to its highest level since regular reporting on the data began, as employers turned cautious. Other key economic readings for the month, including factory production, consumption and property investment, came in much lower than expected.
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