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Two employees tie up steel bars at a steel-making plant in Ganyu, China.
China’s April industrial production rose 6.5 per cent year-on-year, while retail sales for the month rose 10.7 percent year-on-year, official data showed Monday.
Industrial production in the world’s second largest economy was expected to grow 7.1 percent in April from a year ago, slowing from 7.6 percent in March, according to estimates by Reuters.
The country’s retail sales growth was also expected to moderate to 10.6 percent year-on-year in April, down slightly from 10.9 percent in March, said Reuters.
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