Retail sales rose 2.3 per cent in April, China's National Bureau of Statistics (NBS) said on May 17.
That is down from 3.1 per cent in March, and worse than the 3.7 per cent predicted by economists in a Bloomberg survey.
Industrial output rose 6.7 per cent in April from a year ago, faster than the median estimate of 5.5 per cent.
China's export-driven manufacturing sector has powered the economy in 2024, as a housing crisis continues to weigh on domestic demand.
Exports returned to growth in April, and factory activity expanded for a second month. But consumer prices remained sluggish, and credit shrank for the first time since 2005.
"My biggest takeaway is that China is having a two-speed recovery," said Mr Larry Hu, head of China economics at Macquarie Group.
Esta historia es de la edición May 18, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 18, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
AN IN WAY OF CHINESE CHARGE
S. Korean world No. aims to beat Chen and deny China’s bid for event’s first clean sweep
LES BLEUES GET PARIS GAMES BOOST
They prepare for gold bid with England win; holders’ Euro qualification hopes in danger
‘TOUGH TO TOPPLE BADOSA
Sabalenka displays shotmaking variety in win over best friend to progress to last 16
OLYMPICS TERROR PLOT FOILED
Chechen suspected of planning attack on football match in Saint-Etienne nabbed
Ledecky wants faith in anti-doping restored
Seven-time Olympic gold medallist Katie Ledecky's faith in the anti-doping system ahead of the Paris Olympics is at an \"all-time low\", amid the widely criticised handling of failed drug tests in Chinese swimming.
NERVOUS WICHANEE HAS FUN FOR LEAD
Early birdie spree does the trick but Korda among host of big names to miss 8-over cut
The top jobs at US colleges have few takers
To glimpse the tumultuous transitions in US college leadership these days, look no further than the congressional hearings into anti-Semitism on campuses that have helped topple two university presidents at UCLA and Yale.
When tech giants start to pay dividends
After years of chasing growth at all costs, tech firms are taking a page from the playbook of old-school value businesses - paying a dividend.
Long-term investing view necessary to work at a family office
The objective is to look after and grow the wealth for the next generation and beyond
What matters when splitting assets in a divorce
Couple with $lm income fought tooth and nail over their home, the most valuable asset
