China Retail Sales Jump While Industrial Growth Slows on Trade War Turmoil
- China's industrial output grew 5.8 percent year-on-year in May while retail sales rose 6.4 percent amid trade war tensions.
- This slowdown in factory output followed a faster 6.1 percent growth in April and resulted partly from the impact of US tariffs.
- Retail sales growth benefitted from government-subsidized consumer goods programs and an early-starting major online shopping festival.
- New home prices fell in 53 of 70 major cities, while investment in real estate development dropped 10.7 percent through May, indicating a prolonged property slump.
- The data suggests mixed economic conditions with industrial growth hampered by trade tensions and retail demand showing temporary strength, while property weakness persists.
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+7 Reposted by 7 other sources
China gets boost in retail sales as export goods stay home, while tariffs hit factory output
China has reported a mixed economic performance in May, as retail sales jumped while factory output slowed in the face of higher U.S. tariffs.
·United States
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+21 Reposted by 21 other sources
China factory output slumps but consumption offers bright spot
China's factory output grew slower than expected last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a
·Missoula, United States
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Total News Sources81
Leaning Left10Leaning Right14Center18Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 24%
C 43%
R 33%
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