[Breaking] China April Retail Sales Down 7.5% Year-on-Year
[Asia Economy Reporter Kwon Jaehee] China's retail sales in April decreased by 7.5% compared to the same month last year, the National Bureau of Statistics of China announced on the 15th. This decline was larger than the expected figure (-6%).
On the same day, April's industrial production increased by 3.9% year-on-year, surpassing the expected 1.5%.
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