China rebound gets more lopsided as factories hum, shoppers lag
17/5/2024 6:19
China’s retail sales grew at the slowest pace since 2022 while industrial production accelerated, highlighting the unbalanced recovery of the world’s second-largest economy.
Consumer spending expanded 2.3% in April, the National Bureau of Statistics said Friday. That’s down from 3.1% in March and worse than the 3.7% predicted by economists in a Bloomberg survey. Industrial output rose a faster-than-expected 6.7%.
Source: Bloomberg
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