China's National Bureau of Statistics (NBS) announced this morning the economic operation data for China in August, Minsheng Securities issued a research report saying. The added value of industries above designated scale increased by 5.2% YoY and 0.37% MoM in August, while the total retail sales of social consumer goods amounted to RMB3.9668 trillion, growing by 3.4% YoY and 0.17% MoM.Related NewsUnemployment Rate for Aug in China is 5.3%, higher than the previous value of 5.2%. The forecast was 5.2%.The economic data for August in China exhibited characteristics of slow industry, weak investment and tepid consumption, the report added. Despite the growth rate, the transition from old to new drivers of economic growth remains robust. Considering the higher youth unemployment rate and the fading effect of consumption subsidies, the broker believed that expectations for a new round of policy easing are likely to escalate, especially as new rounds of policy financial tools are about to be implemented, with fiscal and monetary policies in 4Q25 focusing more on stabilizing investment and boosting consumption.