US EditionChina’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.
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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.
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Leaning Left18Leaning Right20Center17Last UpdatedBias Distribution36% Right
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36% Right
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C 31%
R 36%
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