China's August data: industrial output up 5.2% year-on-year, but youth joblessness (ages 16-24) at 18.9%, tying its worst reading. New bank loans nearly stalled at ¥60bn against forecasts of ¥400-420bn, and real estate investment fell 19.9%.
High-tech manufacturing’s 16.7% surge is carrying China’s factory rebound even as cement, phones and PCs shrink, the old-versus-new growth split in August NBS data. Source
