Hello and welcome to World Business Report from the BBC World Service.
I am Bissi Adebayo and on this edition, China's economy hits the break as factory output,
retail sales and investment all come in weaker than expected.
Over in India, Prime Minister Narendra Modi promises to build a self-reliant nation,
laying out his latest economic vision.
And as Donald Trump meets Vladimir Putin in Alaska for talks on the Ukraine war,
we hear from a Ukrainian farmer living through the conflict.
All of that to come in just a moment.
But let's begin with China, where new figures show the economy losing steam with factory outputs,
retail sales and investment all slowing in July.
The weakness reflects... softer consumer demand, a struggling property sector,
and the knock-on effects of U.S. tariffs.
Ashley Duda-Renock is the founder at China-focused research company Chaozhen.
China's economy is a mixed bag and it's going through a paradoxical moment at this particular time.
There's been a lot of consumer demand slowdown.
There's also been a lot of economic stimulus.
Plus, we're facing, obviously, the external factors such as tariffs.
So when we look at the retail sector, for example, the headline numbers show a clear slowdown.
Retail sales growth dropped to 3.7% in July, which is the weakest.
since December 24.