China industrial output picks up, retail sales slow in April

Beijing (AFP) May 17, 2024

Chinese industrial production picked up in April but consumption slowed, official figures showed Friday, as woes in the property sector and elsewhere continued to weigh on economic recovery. Industrial output rose 6.7 percent on-year last month, according to the National Bureau of Statistics, building on a 4.5 percent increase in March. The figure was higher than the 5.5 percent tipped i