Shoppers and pedestrians walk past stores in the Sanlitun area of Beijing. Retail sales, a key indicator of consumer demand in China, grew by 8.6 per cent, up from April’s reading of 7.2 per cent, which was the lowest rate of growth since May 2003. Photo: Bloomberg

China economy slump goes on in May, with industrial growth lowest in 17 years amid US trade war escalation

  • Industrial production grew by 5.0 per cent in May from a year earlier, down from 5.4 per cent last month and the lowest reading since 2002
  • Retail sales grew by 8.6 per cent, up from April’s reading of 7.2 per cent, which itself was the lowest rate of growth since May 2003
Topic |   China economy

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Shoppers and pedestrians walk past stores in the Sanlitun area of Beijing. Retail sales, a key indicator of consumer demand in China, grew by 8.6 per cent, up from April’s reading of 7.2 per cent, which was the lowest rate of growth since May 2003. Photo: Bloomberg
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The keynote address by Liu He (second left) at the Lujiazui financial forum in Shanghai on Thursday was his first public appearance in three weeks. Photo: Xinhua

Chinese Vice-Premier Liu He says ‘external pressure’ can actually help China’s economy

  • President Xi Jinping’s chief US trade war negotiator did not specifically reference rising tensions with United States during surprise speech in Shanghai
  • Keynote address at Lujiazui financial forum his first public appearance in three weeks since tour of Jiangxi province with Xi
Topic |   US-China trade war

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The keynote address by Liu He (second left) at the Lujiazui financial forum in Shanghai on Thursday was his first public appearance in three weeks. Photo: Xinhua
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