China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.
But fixed asset investment rose by 4.2% for the first four months of the year, lower than the 4.6% expected increase.
Retail sales rose by 2.3% in April from a year ago, the National Bureau of Statistics said. That was less than the 3.8% increase forecast by a Reuters poll, and slower than the 3.1% pace reported in March. Real estate investment steepened its pace of decline, and was down 9.8% year-on-year for the first four months of 2024.The urban unemployment rate in April was 5%. The bureau has previously said it would publish the breakdown by age in the days following the overall data release.
"Major indicators of industry, exports, employment and prices improved overall, with new driving forces maintain rapid growth," the bureau said. Dan Wang, chief economist at Hang Seng Bank , said in an interview late last month she expected China's property market to stabilize by the end of next year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia markets poised for rebound from Friday's sell off; China loan prime rates in focusInvestors are expected to come back into the markets after a Friday sell-off, with the focus on China’s loan prime rates due Monday.
Read more »
Asia markets rebound from Friday's sell-off; China loan prime rates in focusInvestors are expected to come back into the markets after a Friday sell-off, with the focus on China’s loan prime rates due Monday.
Read more »
Asia markets rebound from Friday's sell-off; China leaves benchmark loan prime rates unchangedInvestors came back into the markets after a Friday sell-off, with the focus on China’s loan prime rates that were left unchanged.
Read more »
China hosts foreign naval officials amid South China Sea tensionsThe Chinese Navy on Sunday kicked off a biennial meeting of top foreign naval officials in the port city of Qingdao, in a show of military diplomacy that will be closely watched for signs of more engagement between China and the United States.
Read more »
China, Phillippines trade blame over South China Sea skirmishChina claims almost the entire South China Sea, brushing off rival claims from other countries, including the Philippines.
Read more »
US and Philippines fire HIMARS into South China Sea amid China tensionsU.S. and Philippine forces fired rockets into the South China Sea, as part of an exercise to practice repelling a maritime attack.
Read more »