Reported about 20 hours ago
In May, China's economy showed mixed results as retail sales rose 6.4%, aided by promotional events and shifts in consumer spending, while factory output slowed at a rate of 5.8% YoY, reflecting the negative impact of higher U.S. tariffs. Retail growth was credited to online shopping festivals and government subsidies despite continuing weakness in the real estate sector and consumer confidence. Overall, while the retail sector performed well, economists warn of potential further declines in export growth and remaining weaknesses in the economic landscape.
Source: YAHOO