China’s retail sales shine with 6.4% yoy growth, but production and investment drag continues

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China’s latest economic data for May paints a mixed picture. Industrial production rose 5.8% yoy, falling short of the expected 6.0% and reflecting lingering weakness in external demand. This comes on the heels of a sharp -34.5% yoy drop in exports to the US, despite the mid-May rollback of some tariffs. The full impact of […]The post China’s retail sales shine with 6.4% yoy growth, but production and investment drag continues appeared first on Action Forex.