International Economic

Chinese retail sales accelerate, but industrial production slows

By Benjamin Chiou

Date: Monday 17 Jun 2024

(Sharecast News) - Retail sales in China smashed forecasts in May, according to data released by National Bureau of Statistics on Monday, though industrial production growth slowed much more than expected.
Retail sales rose by 3.7% year-on-year in May to 3.921trn yuan (£427bn), up 0.5% on the month before.

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