US EditionChina’s retail sales disappoint as stimulus fails to spur demand; industrial output defies tariffs
- China's industrial production grew 6.1% year-on-year in April, exceeding the 5.7% forecast but down from March's 7.7%.
- This growth followed a 90-day tariff truce with the US amid ongoing trade tensions and a persistent slump in domestic spending.
- Retail sales rose 5.1% year-on-year last month, below the 5.8% forecast, while property prices contracted in 67 of 70 cities, showing cautious consumer behavior.
- According to the National Bureau of Statistics, despite facing a range of external shocks and ongoing domestic challenges, the national economy demonstrated resilience and achieved steady growth in April.
- Economists expect export strength to continue due to tariff cuts, but Beijing must address weak domestic demand and deflation to sustain economic growth.
98 Articles
98 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...
The Daily Caller
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China’s economy so far showing ‘mixed’ results, amid tariff war
The NewsNew data showed China’s economy exhibited surprising resilience in the early weeks of its trade war with the US, although slowing consumption highlighted the challenges facing Beijing. Industrial output outperformed analysts’ expectations, but retail sales and fixed-asset investment were below forecasts and an index of nationwide property prices fell, figures that ING’s China chief economist characterized as “a bit of a mixed bag, showin…
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