BEIJING, Aug 16 (Reuters) – China’s factory output and retail sales growth slowed sharply and missed expectations in July, as new COVID-19 outbreaks and floods disrupted business operations, adding to signs the economic recovery is losing momentum. Industrial production in the world’s second largest economy increased 6.4 percent year-on-year in July, data from the National Bureau of Statistics (NBS) showed on Monday. Analysts had expected output to rise 7.8 percent after growing 8.3 percent in June. Retail sales increased 8.5 percent in July from a year ago, far lower than the forecast 11.5 percent rise and June’s 12.1 percent uptick. China’s economy has rebounded to its pre-pandemic growth
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