Markets reacted to the data calmly, with the onshore yuan little changed as of 4:00pm in Beijing yesterday, after tumbling about 8% over the last three months, making it Asia's worst performer.
Fixed-asset investment, the lifeblood of China's economy, expanded just 5.5 per cent in January-July, the slowest pace on record.
Industrial output also undershot expectations, weighed down by pollution curbs and the uncertain trade outlook, adding to expectations that the authorities would roll out more policy stimulus measures.
With the trade war threatening pressure on China's already slowing economy, Beijing has shifted focus to boosting domestic demand and is taking a more measured approach to reduce financial risks and debt, which has pushed up borrowing costs and triggered more defaults.
"The economy is slowing down as the result of the relatively tight policies in the past six quarters", said Gene Ma, chief China economist at the Institute of International Finance in Washington, who expects fiscal policy to be more supportive in the second half of 2018.
New yuan loans exceeded expectations in July, statistics showed on Monday, in one of the few bright spots in the most recent data.
With the economy switching into lower gear even without trade friction, Capital Economics has predicted China's central bank will soon slash its official lending rate for the first time since 2015.
The pace of fixed asset investment was the weakest on record going back to early 1996, according to data on Reuters Eikon.
Cong reiterated a pledge made by the ruling Communist Party's Politburo last month that China will still meet this year's economic growth target of around 6.5 percent, despite the trade war.
'Queen of Soul' Aretha Franklin dead at 76
Rhythm and blues singer Aretha Franklin performs at the inaugural gala for President Clinton in Washington on January 19, 1993. The love she had for her children, grandchildren, nieces, nephews, and cousins knew no bounds".
Steel tariffs to rescue U.S. steel industry
He told the Journal the 25 per cent tariffs on steel will rescue an industry important to United States national security. Critics also point to the bigger losses that have resulted from retaliatory tariffs by trading partners.
Real estate investment rose 13.2 percent in July from the same period a year earlier, the fastest pace since October 2016 and higher than June's 8.4 percent rise, according to Reuters calculations. Retail sales also missed expectations, with Chinese consumers more reluctant to spend on everything from cosmetics and other everyday goods to big-ticket items such as home appliances and furniture. They rose 8.8 per cent in July from a year earlier, below an expected 9.1 per cent and down from 9.0 per cent in June, despite a broad import tax cut last month.
China's state planner pledged on Wednesday to keep debt levels under control even as Beijing rolls out fresh stimulus to support the stumbling economy as a trade war with the USA deepens.
But a Reuters poll of Chinese consumers found that almost one in three had considered boycotting USA products, with some already ceasing to buy items made in America. Industrial output failed to accelerate as expected.
China and the United States have imposed tariffs on each other's goods and more begin next week, with few signs that either side is ready to compromise.
But growth in infrastructure spending, a powerful economic driver, slowed to 5.7 per cent in the first seven months from 7.3 per cent.
However, some China watchers fear Beijing's shift in priorities might mark a return to its unrestrained, credit-fueled growth, reversing years of work by regulators to reduce risks in the financial system and stem a rapid build-up in debt.
Infrastructure loans also rebounded sharply in July.
Despite some progress in its risk crackdown in the last few years, China is still among the economies most at risk of a banking crisis, the Bank for International Settlements (BIS) said earlier this year. Previous year the economy expanded 6.9 per cent.
The Zogby poll also found that Republicans are gaining ground on Democrats in the congressional generic ballot. Overall, 43 percent said they approve of Trump's policies, compared to 54 percent who don't.
Nevertheless, Gundogan is hopeful De Bruyne is able to feature again soon given his importance to their title charge last term. Manchester City have launched the 2018/19 away kit! We want to see Mourinho challenging Guardiola.
Andy crossed the finish line with a backhand down the line victor in game 10, scoring one of the best wins of his early career. Williams, a 23-time Grand Slam victor and a former champion in Cincinnati, needed just 65 minutes to dispatch Gavrilova.
Ltd and Kandi Technologies Group, are listed in the U.S., Nio's IPO would dwarf their presence on the stock exchange. NIO is aiming for high-performance, premium segment in what's rapidly becoming a crowded EV market in China .
Très remonté contre ses dirigeants, il a dit avoir passé " son plus mauvais jour au club " et vouloir "peut-être arrêter là". Gustavo Poyet n'était pas du tout tranquille après la victoire de Bordeaux sur le FC Mariupol (2-1).
The Queen of Soul remained a prominent face - and voice - for African American civil rights throughout her life. He called her death a "blow for everybody who loves real music: Music from the heart, the soul and the Church".
At the time, the startup had been able to raise funds to the tune of $900 million and garner a market valuation of $3.2 billion. Prior to this investment by Alphabet, Oscar had secured funding from two business divisions of Alphabet just a few months ago.
He he also won eight second-tier XFINITY Series races and five Camping World Truck Series events out of six starts. Kahne is 28th in the points standings, and his best finish this year was fourth at Daytona in July.
The National Association for the Advancement of Colored People (NAACP) said her music would inspire people for generations. Born in Memphis and raised in Detroit, Aretha Franklin grew up performing gospel songs in her father's congregation.
Kargil war India won the Kargil war in 1999 and Vajpayee was hailed for his successful handling of the situation. Odisha CM Naveen Patnaik who visited New Delhi AIIMS said "I am deeply grieved by the sad demise of Vajpayeeji".
If you've heard of the name Zion Williamson then you already know that the 6'7, 285 lbs freshman from SC can DUNK . The Blue Devils wrap up the Canada tour with a game against McGill University on Sunday at Place Bell in Montreal.
Cambodia election: Ruling party secures all seats
Mu Sochua, CNRP's vice president who lives in self-imposed exile overseas , called the new members of parliament illegitimate. Rights groups had said the vote was neither free nor fair amid claims of voter intimidation and some 600,000 spoiled ballots.
Storm Ernesto to unleash heavy rain this weekend
Tropical Storm Lane is expected to reach hurricane strength by Friday as it tracks its way toward the Hawaiian Islands. The BBC Weather forecaster continued: "Through Friday, increasing amounts of cloud and some rain moving its way in".
Arrest after dozens overdose in CT park
Numerous cases took place at the New Haven Green, a park near the university where a similar mass overdose took place on July 4. The mass overdose began Tuesday night and forced police to continue monitoring the Green late into Wednesday night.