China’s Economy Still Looking Worryingly Weak, Key Data Shows
TOPSHOT – This picture taken on October 10, 2017 shows a party flag of the Chinese Communist Party … [+] displayed at an exhibition showcasing China’s progress in the past five years at the Beijing Exhibition Center. China’s police and censorship organs have kicked into high gear to ensure that the party’s week-long, twice-a-decade congress goes smoothly when it begins on October 18. / AFP PHOTO / WANG ZHAO / TO GO WITH CHINA-POLITICS-SECURITY, FOCUS BY BECKY DAVIS (Photo credit should read WANG ZHAO/AFP via Getty Images)
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A key economic indicator continues to show weakness in China
Steel production in the second largest economy was down 6.5% in the first six months of the year versus the same period a year earlier, according to World Steel Association data.
That’s particularly bad for China which is bar far the largest steel producer in the world typically making more than a billion…
