China's economic recovery faces headwinds as industrial production misses expectations, while retail sales and steel output offer mixed signals.
Via Metal Miner Clearly, China’s economy is not yet back on the recovery track, as evidenced by the mixed bag of data for May released on Monday. According to data from the National Bureau of Statistics NBS, industrial production in China saw a 5.6% increase in May 2024 compared to May 2023. However, overall production was also down from the 6.7% growth posted in April this year.
In the meantime, China continues to emphasize “quality improvement” through technological advancements and innovation. China’s Private Investment Stalls However, private sector investment remains sluggish, growing by only 0.1% year-on-year from January to May. This is a significant decline from the 0.3% seen in the first four months, indicating weak confidence among private businesses. In contrast, public sector investments rose by 7.1% year-on-year over the same period.
Industrial Production Retail Sales Real Estate Market Property Slump Government Measures Private Sector Investment Steel Production Deflationary Pressure Local Government Debt
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uneven UK economic recovery poses test for election winnerPost-Covid rebound driven by professional services while retailers languish, shows FT analysis of official data
Read more »
Why China’s economic model still appeals overseasOur podcast on markets, the economy and business. This week: despite trouble at home, the China model is still an object of desire
Read more »
Tyson Fury breaks cover hours after collapsing in the street when Britain’s ‘bravest bouncer’ escorted him...Tyson Fury stumbles drunk out of a pub
Read more »
Moment Tyson Fury escorted from pub by Britain’s bravest bouncers before collapsing outside...Tyson Fury stumbles drunk out of a pub
Read more »
Man stumbles across jaw-dropping rare car collection worth ‘in the millions’ in abandoned barn...Man stumbles across jaw-dropping rare car collection worth ‘in the millions’ in abandoned barn
Read more »
Bitcoin Stumbles as Germany Liquidates $150 Million in Seized CryptoThe German government's recent transfer of a substantial amount of seized Bitcoin to crypto exchanges sparks market speculation and adds to downward pressure on Bitcoin's price.
Read more »