China's industrial production and retail sales expanded at faster rates in April but both missed expectations signaling that monetary policy easing might be needed to regain the strength experienced after the scrapping of zero-Covid policy.
China’s economic data for April shows how the jobless rate for the 16-24 age group hit an all-time high, while retail sales and industrial production fell short of expectations last month.
China's economy rebounded at a faster than expected pace in the first quarter on robust consumption and industrial production, thanks to the lifting of zero-Covid policy.