China’s Economy Shows Weakness Amid Outbreak and Supply Crisis

China’s Economy Shows Weakness Amid Outbreak and Supply Crisis
A worker makes an iron bar at a steel factory in Lianyungang, Jiangsu Province, China, on Feb. 12, 2021. AFP via Getty Images
Updated:

China’s factory output growth in August hit a 13-month low, as the COVID-19 Delta variant surges in southeast China and the global supply shortage prolongs.

The latest data released by China’s National Bureau of Statistics (NBS) on Sept. 15 show a 5.3 percent rise in industrial production from 2020, 1 percent lower compared to the increase in July.
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