China economy: factory output, retail sales, investment all miss expectations in May

Source: China – South China Morning PostGrowth in China’s factory output slowed for a third straight month in May, possibly due to disruptions caused by coronavirus outbreaks in the country’s southern export powerhouse of Guangdong.The Chinese economy has largely shaken off the gloom from the coronavirus-induced slump last year, but officials warn the foundations for the recovery are not yet secure amid challenges including rising raw material prices and global supply chain disruptions, especially a shortage of micro chips.Industrial…Read More

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