A slew of data from China on Friday provided fresh signs that the economy is stabilizing, aided by targeted stimulus measures from Beijing.
May retail sales rose 12.5 percent on year, above analyst expectations for a 12.1 percent increase in a Reuters poll and their best performance since December.
Industrial output meanwhile increased 8.8 percent on year in May, in line with market expectations, while fixed asset investment rose 17.2 percent on year for the January-to-May period, just above expectations for a 17.1 percent rise.
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Dhara Ranasinghe, CNBC via CHINA US Focus http://ift.tt/1lhL07A
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