China’s industrial production increases in May
The country’s industrial production increased by 6.5% in May on a yearly basis. This was unchanged from April and slightly up from the economists’ estimates of a rise of 6.4%.
The data also showed that the country’s retail sales in May were up by 10.7%, unchanged from a month earlier and in line with estimates.
Fixed capital investments rose by 8.6% year-on-year in May. This was down from 8.9% in April and the estimates of a rise of 8.8%, the data revealed.
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