Reported 8 months ago
China's industrial output growth slowed to 5.6% in May, showcasing a drop from the previous month. China is facing challenges in its housing market despite significant stimulus efforts, witnessing a faster decline in housing prices than anticipated. This slowdown, coupled with concerns over the housing sector weakness, highlights the bumpy recovery China is experiencing post-pandemic, impacting not only the domestic economy but also global demand for products like smartphones and electric vehicles.
Source: YAHOO