New economic data shows key Chinese industries continuing to struggle in the wake of President Donald Trump’s reciprocal tariffs.
Retail sales, which track the sale of new and used goods to the general public, slowed to 5.1% in April, missing official projections for a 5.5% expansion, according to numbers from China’s National Statistics Bureau reviewed by Reuters. China’s industrial output fell to 6.1%, down from 7.7% the month before, as tariffs keep biting Chinese factories.
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