Retail sales of consumer goods for April in China landed slightly above analysts’ projections, despite increasing by 18.4% compared to the same time last year, the country’s National Bureau of Statistics (NBS) reported on Tuesday. Analyzed by different areas, the data for the three-month period showed that the retail sales in urban areas reached 3.0 trillion yuan, up by 18.6% on a yearly basis, while in rural areas the figure remained increased by 17.3% year-on-year to reach 451 billion yuan.
Industrial production in China rises 5.6% in April
China’s industrial production advanced 5.6% in April year-on-year to land in line with analysts’ projections, the country’s National Bureau of Statistics revealed on Tuesday. The figure marks a 0.47% increase month-on-month and a 1.7 percentage points improvement compared to the yearly increase seen in March. In April 2023, the state-holding enterprises added 6.6% year-on-year, with the share-holding and private enterprises advancing 4.4% and 1.6% respectively, while the enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan increased by 11.8%. NN: China and for that matter all of Asia is opening back up. Spin that its a slow opening is once again bogus AI news….