Growth in China’s industrial output slowed more than expected to 5.4 percent in April from a 4-1/2 year high in March,. Analysts polled by Reuters had forecast industrial output would grow 6.5%, slowing from an unexpectedly strong 8.5% in March.
Retail sales rose 7.2% in April on-year, the slowest pace since May 2003, sharply down from March’s 8.7% and missing a forecast rise of 8.6%.
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