China April industrial output cools, retail sales growth falls

China April industrial output cools, retail sales growth falls

China reported surprisingly weaker growth in retail sales and industrial output for April on Wednesday. Overall retail sales in April rose 7.2 per cent from a year earlier, the slowest pace since May 2003, data from the National Bureau of Statistics (NBS) showed. Growth in industrial output slowed more than expected to 5.4 per cent in April year-on-year.

Simone
Simone
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