China's April Slowdown Highlights Dilemma Between Growth And Inflation
China's domestic activity data showed disappointing results in April, indicating a potential slowdown in the second quarter. The combination of weaker growth and rising inflation presents challenges for policymakers moving forward. Notably, retail sales experienced a significant decline, reaching their lowest level since 2022.
- ▪China's retail sales grew by only 0.2% year-on-year in April, a drop from 1.7%.
- ▪New home prices fell by 0.19% month-on-month, while used home prices decreased by 0.23%.
- ▪The data suggests that the country may face difficulties balancing growth and inflation in the coming months.
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