China’s economy slowed further in August as retail sales, industrial output, and fixed-asset investment all fell short of forecasts, according to CNBC. Retail sales grew 3.4 year-over-year, missing expectations of 3.9 and easing from July’s 3.7. Industrial output rose 5.2, its weakest in a year, while fixed-asset investment increased only 0.5 year-to-date, sharply down from 1.6 earlier this year. Real estate investment fell 12.9, while manufacturing and utilities investment grew 5.1 and 18.8 year-over-year, respectively. The unemployment rate edged up to 5.3 amid graduation season. Analysts warned consumption could slow further from September, with Beijing expected to focus on incremental easing rather than major stimulus. The CSI 300 index rose nearly 1 after the data, with markets already pricing in a weaker third quarter.