BEIJING - China's industrial output rose 3.9 per cent in April from a year earlier, data showed on Friday , expanding for the first time this year as the world's second-largest economy slowly emerged from its coronavirus lockdown.
However, it continues to face major challenges in recovery as the pandemic has now swept the globe, affecting other major economies and trading partners. Producer prices saw their sharpest fall in four years earlier this week, showing weakening industrial demand. Consumption remained weak with retail sales falling 7.5 per cent in April, faster than a forecast 7.0 per cent decline.
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