Economic news

China’s April data below forecasts, signaling of economy slowdown

April’s figures on investment and retail sales in China lower than forecasted, home sales also contracted, the data might pull back economic prospects, though officials take measures to deal with debt risks and allay trade tensions with the U.S.

Fixed capital investment expanded at the worst pace since 1999, whereas the rate of retail sales eased to the lowest in four months, which implies that China’s economy is experiencing a predicted slowdown.

What stands out in today’s report is industrial production, showing a leap that exceeded expectations due to a much grown car and steel manufacturing.

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