China is under pressure to boost its economy as the trade war escalates
By Michelle Toh – CNN Business May 15, 2019 – Hong Kong (CNN Business)China’s vast economy showed new signs of weakness last month, raising the likelihood of increased government efforts to stimulate growth as the trade war with the United States escalates. Key indicators of economic activity, like industrial output and retail sales, cooled significantly last month, according to figures posted by the National Bureau of Statistics on Wednesday. Industrial output, which measures manufacturing, mining production and other sectors in China, grew 5.4% in April compared to the previous year, significantly lower than analysts had expected. It was also a sharp...
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