China’s economy is struggling to find equilibrium, data released Friday shows, with government stimulus measures gaining traction last month while the vital housing market continues its swoon.
Industrial production chugged along and retail sales improved in May. That, combined with upticks in exports and inflation that were reported earlier, suggested to some analysts that the targeted stimulus measures the government has taken are boosting the economy.
Property sales, however, continued to slide, and if the market’s woes go on at the current pace, some analysts said Beijing will need to reach for stronger measures.
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Mark Magnier, The Wall Street Journal via CHINA US Focus http://ift.tt/1lhL1bw
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