#China’s economy is weakening:

Fixed-asset investment rose just +0.5% YoY in the first 8 months of 2025, the weakest growth on record outside of the 2020 pandemic.

This comes as property investment plummeted -12.9%, the biggest drop in at least 25 years.

Industrial production grew only +5.2% YoY in August, the slowest pace since August 2024.

Retail sales slowed for the third consecutive month to +3.4% YoY in August, the weakest growth this year.

All while a broad measure of credit growth slowed for the first time in 2025.

The world’s second-largest economy is slowing.