China sees modest 3.7% rise in July retail sales, signaling a cautious economic recovery.

China reported a 3.7% year-on-year increase in retail sales for July, indicating a modest recovery in consumer spending. The country is also expanding economic activities through various expos and is planning a new visa category for young tech professionals. However, the growth in retail sales is slower than expected, affected by issues like high youth unemployment and ongoing trade tensions with the US.