Edit : Ahlam Adly

China is facing the biggest outbreak of the corona virus since the beginning of the epidemic in 2020. The closure has dealt a blow to consumption growth amid a slowdown in exports, and the industry sector has been affected by flooding and a shortage of e-chips.

Experts said the impact of the new corona virus outbreak on the economy will begin to become clearer tomorrow when industrial production and retail sales data for July are released.

Flooding earlier in the month, as well as closures and movement restrictions that have expanded since mid-July, are likely to have damaged travel and spending during the holidays and may have also damaged manufacturing.

Accordingly, the central bank is likely to provide an indication of whether the outbreak has caused a change in its monetary policy stance.

In addition, factory production in China faced several constraints in July with shocks due to heavy rains, flooding, lack of e - chips, faltering demand, and environmental constraints. Investment growth is still slow, as the pace of issuance of local government infrastructure bonds has not recovered, and Beijing continues its hardline stance on the real estate market.