Reported 8 months ago
China's May industrial output growth of 5.6% fell short of expectations, while the property sector remains sluggish despite policy support, adding to pressure on Beijing to stimulate growth. However, retail sales in May exceeded forecasts due to a holiday boost, marking the quickest growth since February. The flurry of data indicates a bumpy recovery for China's economy, with strong exports and manufacturing but weak consumption and property activities. Analysts expect more fiscal and monetary policy support to address the uneven growth.
Source: YAHOO