US EditionPublished • loading... • Updated
China’s retail sales disappoint as stimulus fails to spur demand; industrial output defies tariffs
- China's National Bureau of Statistics reported that industrial production grew 6.1% year-on-year in April, exceeding forecasts but slowing from March.
- The growth came after a 90-day tariff ceasefire with the US amid ongoing trade disputes, while weakened consumer demand at home continues to pose a risk to achieving the 5% growth target.
- Retail sales rose 5.1% year-on-year in April, falling short of the 5.8% forecast and marking a slowdown from March’s 5.9%, while property prices contracted in most cities.
- Zhiwei Zhang of Pinpoint Asset Management highlighted that despite increased US tariffs, exports remained robust, and he expects the economy to maintain steady growth throughout the second quarter.
- The data suggests that while export-driven industrial output remains strong, weak consumer demand and falling property prices pose challenges for China's economic recovery.
Insights by Ground AI
105 Articles
105 Articles
China's Sales Are Under the Expectations of the Analysts, but Industrial Production Resists US Taxes
The monthly data published by the National Bureau of Statistics of China show that sales of butter increased by only 5.1% in April, under the expectations of analysts of 5.5% and in the fall of 5.9% in March, signaling a weak internal demand in the absence of...
·Romania
Read Full Article
The Daily CallerReposted by 
Conservative Daily News
Conservative Daily NewsChina’s Economy Stumbles As It Fails To Shake Off Trump’s Tariff Gut Punch
New economic data shows key Chinese industries continuing to struggle in the wake of President Donald Trump's reciprocal tariffs.
·Washington, United States
Read Full Article
Aggressive tariffs by the United States are starting to take their toll on the Chinese economy, according to April data released by China's National Bureau of Statistics on Monday, which showed slower growth in industrial production and retail sales.
Coverage Details
Total News Sources105
Leaning Left18Leaning Right19Center16Last UpdatedBias Distribution36% Right
Bias Distribution
- 36% of the sources lean Right
36% Right
L 34%
C 30%
R 36%
Factuality
To view factuality data please Upgrade to Premium
