China’s massive real estate market has struggled after decades of debt-fueled, rapid growth.Bloomberg | Bloomberg | Getty ImagesBEIJING — China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record highs in recent months.Retail sales rose by 2.5% in July from a year ago, below expectations for a 4.5% increase, according to analysts polled by Reuters.Industrial production rose by 3.7% in July from a year ago, below the 4.4% increase analysts had expected.Fixed asset investment rose by 3.4% for the first seven months of the year from a year ago, below the 3.8% forecast by the Reuters poll.The urban unemployment rate ticked up to 5.3% in July from 5.2% in June.We must intensify the role of macro policies in regulating the economy and make solid efforts to expand domestic demand, shore up confidence and prevent risks.National Bureau of StatisticsContrary to prior rep …
