China's economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery.
  • May data points to economic slowdown
  • Industrial output, retail sales growth miss expectations
  • Youth jobless rate hits record high
  • Property investment decline deepens
  • PBOC cuts key rates to revive demand
  • c2h6@lemmy.worldEnglish
    3·
    1 year ago

    Does it have anything to do with less demand from the US I wonder? I know china’s economy isn’t just exports now, but still.