China’s industrial production increases 6.0% year-on-year in May
The National Bureau of Statistics said on Monday that China's industrial production increased 6.0% year-on-year in May, exceeding expectations for a 5.9% rise, after a 6.0% gain in April.
On a monthly base, the country's industrial production was up 0.45% in May, after a 0.47% rise in April.
Fixed-asset investment in China climbed 9.6% year-on-year in the January - May period, missing forecasts for a 10.5% growth, after a 10.5% rise in the January - April period.
Retail sales in China increased 10.0% year-on-year in May, missing expectations for a 10.1% gain, after a 10.1% rise in April.
On a monthly base, retail sales increased 0.76% in May, after a 0.80% gain in April.