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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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.