Chinese retail sales grew by 2.7% YoY in July, showing improvement from June’s 2% increase and slightly surpassing analysts expectations. In contrast, industrial production growth slowed to 5.1% in July, down from 5.3% in June and below the forecasted 5.2%, marking its weakest growth since March. While some sectors, such as domestic tourism, have seen recovery, the unemployment rate rose to 5.2% in July from 5% in June. This rate, however, only covers urban areas, and the youth unemployment rate was 13.2% in June, with July’s figures yet to be released.