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China retail sales, investment data miss expectations in April

  • Property investment decreased by 9.8% year on year in the first four months, impacting the economy negatively. Retail sales increased by 2.3% in April, a decline from the previous month.
  • Fixed asset investment increased by 4.2% in the first four months, falling short of the expected 4.6% rise.
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Xinhua broke the news in China on Friday, May 17, 2024.
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