largest economy. industrial output is lagging and house prices have fallen at theirfastest pace in a decade, highlighting the continued strains in the property sector. retail sales though have performed better than expected. so what does this all mean for china s recovery and the global economy? let s unpack all this with our asia business reporter sura njana tewari. markets in asia here are very conscious that make cautious about that mixed bag of data coming out of china. retail sales were up by 3.7% in may and that was better than april s 2.3% growth and beat many project projections with the government crediting labour day holidays and trade in programmes to encourage consumers for all of the appliances as well as shopping festivals as reasons for the improved sales. still, though, it was the third lowest reading since last august and may not do much to overcome concerns about a lack of demand in the country and spending. house prices fell at the fastest pace in a deca
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