Mixed economic data from the world's second-largest economy weighed on Chinese stocks Monday and suggested policymakers' stimulus efforts are struggling to gain traction. Retail-sales growth slowed, as did investment in buildings,

Mining exports are set to be downgraded by more than $100 billion dollars, as China's faltering economy leaves a large deficit hole in Australia's budget.

Nancy Qian concludes that, with fundamental reforms, another wave of rapid economic growth is possible.

China will probably hit its “around 5%” growth target for the year, but economists say more stimulus will be needed as trade tensions loom.