Global Economic News

China Industrial Production Sinks 2.9% On Year In April

Industrial output in China was down 2.9 percent on year in April, the National Bureau of Statistics said on Monday - missing expectations for an increase of 0.4 percent and down from 5.0 percent in March.

The bureau also said that retail sales tumbled an annual 11.1 percent in April - again shy of forecasts for a decline of 6.1 percent after slipping 3.5 percent in the previous month.

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by RTTNews Staff Writer

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