Key indicators of economic activity, like industrial output and retail sales, cooled significantly last month, according to figures posted by the National Bureau of Statistics on Wednesday.Industrial output, which measures manufacturing, mining production and other sectors in China, grew 5.4% in April compared to the previous year, significantly lower than analysts had expected. It was also a sharp dip from last month, when growth came in at 8.5%.
"China's retail sales growth slowed to a 16-year low last month, raising questions about consumer confidence in one of the world's biggest markets. Sales grew by 7.2%, far weaker than analyst forecasts of 8.6%.But activity in the sector also decelerated because there were fewer holidays in April this year than last, said Jingyang Chen, a China economist at HSBC, in an analyst note. People walking through a shopping area in Shanghai.
US underTrump will no longer contribute for Chinese riches at its cost. So China now busy seeking green pastures inAfrica& Europe. Most of d countries in Asia donot trust China & still these countries hav become dump yards of cheap Chinese goods! Rich China means Poorer world!
Correction: US is under pressure for raise in China GDP and his economy. zlj517
china is a monster in economy.
It is in the best interest of China and the United States to come to a trade agreement Both sides know this
It hasn't really got anything to do with the current POTUS, the agenda of US vs China is decades old. The fear is of the huge power of the former communist China, now more a dictatorship, in the guise of communism, like they all go eventually. It has huge slave labour & resources
Thank you CNN. I won't raise the fact that you and your staff thought that it was America that would lose any trade war with China. At least you've come to see the light Now work on Canada, you give this country far too much credit considering our social and economic system...
If we stopped trading with china, their economy will collapse. China is no friend of USA. We made china great again.
Finally, We have a president who will stand up to China.. and not another internationalist liberal.
They only have over a billion people to feed, LoL! They're toast!!
China will never cave to Trump