The world’s second-largest economy dialed back a gear in April as authorities crack down on the nation’s swelling financial leverage.
Key Points
- Industrial output rose 6.5 percent last month from a year earlier, compared to 7 percent seen by economists and 7.6 percent in March
- Retail sales increased 10.7 percent versus 10.8 percent seen by analysts
- Fixed-asset investment excluding rural areas expanded 8.9 percent for the first four months, compared to a median estimate of 9.1 percent
