Reported about 16 hours ago
China's factory output showed unexpected resilience in April, growing 6.1% year-on-year despite slowing from March's 7.7% and surpassing forecasts. This suggests government support may have mitigated tariff impacts from the U.S. Conversely, retail sales rose only 5.1%, below expectations, indicating consumer demand is weak. While a recent agreement to rollback tariffs offers some hope, economic analysts warn of ongoing pressures in China's economy, particularly in foreign trade and the property sector.
Source: YAHOO