China's economy shows signs of strain in April as industrial output and retail sales miss forecasts
⢠Chinaās economy slowed in April, with industrial output, retail sales and fixed-asset investment all missing expectations as global energy-market volatility added pressure. ⢠Retail sales rose just 0.2% year on year, down from 1.7% in March, while industrial output increased 4.1%, below the 5.63% forecast cited by economists. ⢠National Bureau of Statistics spokesperson Fu Linghui said the economy had āgenerally speakingā maintained steady growth, but warned the external environment remained ācomplex and volatile.ā
scmp.com
