China’s industrial output and retail sales increased at a faster pace in May, adding to evidence that Premier Li Keqiang’s support measures are stabilizing the world’s second-biggest economy.
Factory production rose 8.8 percent in May from a year earlier, the National Bureau of Statistics said in Beijing today, up from 8.7 percent in April. Retail sales increased 12.5 percent and January-May fixed-asset investment growth was little changed at 17.2 percent.
Today’s reports may bolster Chinese leaders’ confidence that so-called mini-stimulus measures will prevent a deeper economic slowdown. Even so, policy makers are contending with a property market slump, along with risks from shadow banking and rising bad loans that threaten to limit the scale of a recovery.
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