New economic data from China have raised concerns, according to Lianhe Zaobao, a Singapore-based newspaper widely read in Beijing. The newspaper reported that the growth of profits for Chinese industrial enterprises in August reached its lowest level since November 2023. According to data published on Monday, September 28, by China's National Bureau of Statistics, profits of large industrial enterprises grew by 4.2% year-on-year in August. However, this figure is significantly lower than the 11.2% recorded in July and also lower than the 8% estimated by Bloomberg Economics. Liu Siqi, a recognized expert in artificial intelligence, analyzed the August economic data published by the same bureau. Liu conducted a detailed review of the full text, annex, six charts, and the complete transcription of the 31 question-and-answer sessions from the press conference. He also performed a dozen cross-checks using official data. Based on his analysis, Liu noted two concerning observations: real consumption is showing a significant decline, and real estate investments are contracting by half. The decline in real consumption suggests that households and businesses are spending less, which can slow overall economic growth. This trend is particularly worrying in a country where consumer spending has been a key driver of recent economic expansion. Meanwhile, the contraction in real estate investments indicates a slowdown in construction and property development, which can have ripple effects across related industries such as construction materials and finance. Liu's findings highlight the challenges facing China's economy as it navigates a complex mix of domestic and international pressures. These include slowing global demand, the lingering effects of the pandemic, and internal policy shifts aimed at curbing excessive debt and promoting more sustainable growth. The data and analysis underscore the need for continued monitoring of economic indicators and the potential for further policy adjustments to stabilize growth.