Economic Buzz: Chinas Industrial Output Recovers In May

15 Jun 2022 , 11:54 AM

China industrial production logged a mild recovery in May and retail sales fell less than expected with the gradual relaxation of pandemic-related restrictions. According to the National Bureau of Statistics, industrial production rose 0.7 percent on a yearly basis in May, reversing the 2.9 percent fall in April. At the same time, the annual fall in retail sales slowed to 6.7 percent from 11.1 percent in April.Powered by Commodity Insights