Global shares slip as Chinese economy unexpectedly stumbles

Global shares slid on Monday after a raft of Chinese economic indicators showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of COVID-19 with vaccinations. A 10-day run of gains for European stocks came to a halt, with commodity-linked stocks – which are sensitive to demand from China – falling the most. Figures on July retail sales, industrial production and urban investment in China all missed forecasts, a trend that is only likely to get worse given the recent tightening in coronavirus restrictions there.


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