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Asian Economic News

China Industrial Output Gains Strength; Retail Sales & Investment Data Disappoints

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024 lt

China's industrial growth accelerated in April driven by robust exports but softening growth in retail sales and fixed asset investment reflects an uneven economic recovery necessitating more efforts from the part of the government to achieve the official growth target.

Industrial production registered an annual increase of 6.7 percent after rising 4.5 percent in March, the National Bureau of Statistics reported Friday. This was also better than the expected growth of 5.5 percent.

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