Chinese economy likely rebounded in May – Yicai China IndustrialProduction RetailSales EconomicIndicator USDCNY
The Chinese economy likely rebounded in May as declines in industrial output and consumption narrowed, Yicai.com reported, citing economists.“Economists surveyed by Yicai expected industrial output fell 0.49% y/y in May, compared to the 2.9% decline in April, as power consumption by industrial enterprises in Shanghai recovered to 80.5% of the level same period last year while logistics also improved.”“Fixed-asset investment may remain upbeat, growing about 7.
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