Reported about 24 hours ago
In May, China's economy showed a mixed performance with retail sales increasing by 6.4%, fueled by a shopping festival and products that were redirected from exports due to rising tariffs. However, factory output slowed to a 5.8% growth, down from previous months, and exports to the U.S. plummeted by 35%. Although retail spending rose slightly, consumer confidence remains low amidst ongoing property market issues and deflation concerns.
Source: YAHOO