US Edition
China’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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Coverage Details
Total News Sources107
Leaning Left18Leaning Right19Center17Last UpdatedBias Distribution35% Right
Bias Distribution
- 35% of the sources lean Right
35% Right
L 33%
C 31%
R 35%
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