A Testing Time for Policymakers: China’s Economic Recovery Slows Down
China’s April economic data exhibited an inconsistent recovery trajectory from the effects of stringent COVID-19 restrictions, falling short of economists’ expectations. According to a Reuters poll, Industrial production increased by 5.6% year-on-year, a stark contrast to the anticipated 10.9% rise. In comparison, the figure was up by 3.9% in March. Retail sales witnessed an 18.4% […]