Disappointing news from China:
Line of disappointing economic news published in China during the weekend,and they confirmed that the world’s second-largest economy is experiencing a slowdown.
The industrial output, investment and the retail sales in April, all rose by less than expected.
Industrial output increased in the past month by 6% on an annualized basis, compared to a forecasts of 6.5% and an increase of 6.8% in March.
Investments in fixed assets were up by 10.5% on an annualized basis, compared with expectations to a rise of 10.9% and 10.7% in the first quarter of this year.
The retail sales slowed to a level of 10.1%, against an expectation of a sharp rise in of 10.5%.
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