Chinese industrial production, retail sales, and fixed-asset investment all increased in April, indicating economic recovery.

From Financial Times: 2024-05-16 22:13:50

Chinese industrial production grew by 9.8% in April compared to last year, increasing from 14.1% in March. Retail sales also rose by 17.7% year-over-year in April, up from 34.2% in March. Furthermore, fixed-asset investment increased by 19.9% in the first four months of this year.

The growth in industrial production and retail sales reflects the steady recovery of the Chinese economy from the impact of the Covid-19 pandemic. The increase in fixed-asset investment also indicates strong momentum in infrastructure development and business activities.

The strong economic performance in April is seen as a positive sign for China’s overall economic recovery. The growth in industrial production, retail sales, and fixed-asset investment suggests that the country’s economy is gradually returning to pre-pandemic levels and shows resilience in the face of global uncertainties.



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