Beijing, June 16, (dpa-AFX/GNA) – China’s industrial production and retail sales grew less than expected in May, reports said citing data from the National Bureau of Statistics on Wednesday.
Industrial production grew 8.8 per cent on a yearly basis in May, weaker than the economists’ forecast of 9 per cent.
Similarly, retail sales expanded 12.4 per cent annually, which was slower than the expected increase of 13.6 per cent.
During January to May period, fixed asset investment increased 15.4 per cent from the same period last year.
Economists had forecast investment to climb 16.9 per cent.
GNA