It has been a grim month for the Chinese economy: A slew of recent data has revealed the world’s second-largest economy is slowing faster than expected, causing analysts to predict it will miss its relatively modest 5 percent growth target this year.

       Growth in industrial output and retail sales has slowed, while the stock market and investment in real estate took a nosedive. Unemployment is up, and deflation remains an urgent issue.

       Chinese officials, however, still appear reluctant to take action to reinvigorate the economy with the kinds of huge stimulus packages used after the 2008 global financial crisis, which many economists say is again necessary to stem the slowdown. Instead, the Chinese government continues to double down on its strategy of investment in advanced manufacturing and export-led growth, even as escalating trade tensions with the United States and Europe are undermining its ability to sell some its most valuable exports overseas.

       Here’s what you need to know about the current state of the Chinese economy.