In May, China’s industrial production, a gauge of manufacturing, mining and utilities sector activity, grew strongly, a sign of economic recovery. Photo: AP
Coronavirus: China’s industrial engine revved strongly in May, but consumption weak as slow recovery continues
- Industrial production grew at the strongest rate since December 2019, but retail and investment remained negative, even as gradual improvement continues
- Weak demand at home and abroad tempers analysts’ outlooks for China, while fears of a new outbreak in Beijing also a reminder of the fragility of economic recovery
In May, China’s industrial production, a gauge of manufacturing, mining and utilities sector activity, grew strongly, a sign of economic recovery. Photo: AP
