China's industrial production and retail sales grew at a faster pace in April, data from the National Bureau of Statistics revealed Monday.
Industrial production increased 9.3 percent year-on-year in April, faster than a 8.9 percent rise in the previous month. This was roughly in line with forecast of 9.4 percent rise.
Retail sales increased 12.8 percent annually in April, as expected. This was stronger than 12.6 percent rise recorded in March.
Urban fixed asset investment in China increased 20.6 percent in the January-April period compared with forecast for a 21 percent growth. In the first three months of the year, investment was up 20.9 percent.
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