China slowdown fears as ind production, retail sales miss forecasts

Chinese industrial production and retail sales both grew less than expected, according to official data, fuelling worries that the post-Covid rebound expected to drive the global economic rebound was running out of steam.

Industrial production grew 5.6% in April, well below forecasts of a 10.6%. Retail sales were 18.4% higher year on year, also missing forecasts of 21%.

Reporting by Frank Prenesti for Sharecast.com