China's activity data for April continued to show an uneven path for recovery as the economy continues to emerge from the impact of its stringent Covid restrictions.
Economists at Reuters expected China's industrial production to jump 10.9% in April and for retail sales to rise 21%.
China stocks have pared most of the gains seen this year, with the Shenzhen Component notching a 9.5% drop from its peak in early February. YANGZHOU, CHINA - MAY 02: Aerial view of tourists visiting the Dongguan street during the May Day holiday on May 2, 2023.China's economic data for April continued to show an uneven recovery path as the economy continues to emerge from the impact of its stringent Covid restrictions.
Industrial production for April rose by 5.6% year-on-year, compared to the 10.9% expected by economists surveyed in a Reuters poll. The figure was up 3.9% in March following aFixed asset investment rose by 4.7%, against expectations of 5.5%. The reading rose 5.1% the previous month.was down 4.67% quarter-to-date and up only 1.48% year-to-date, and notching a 9.5% drop from its peak in early February.
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