EconomyChina retail sales slow as industrial output beats forecasts
Data highlights struggle to boost demand as property slump clouds future
Pedestrians in Shanghai. Total retail sales of consumer goods were up 2.3% in April, short of a forecast of 3.8%. © Reuters
GRACE LI, Nikkei staff writer
May 17, 2024 12:23 JST
Updated on May 17, 2024 14:34 JST
HONG KONG -- China's industrial production expanded more than expected in April, while growth in retail sales and investment slowed, government data published on Friday showed amid close scrutiny of the country's manufacturing capacity and domestic demand.