China’s economy loses momentum as industrial output and retail sales decline in April
China's economy is experiencing a slowdown as both industrial output and retail sales saw declines in April. This downturn is attributed to weak consumer confidence and ongoing issues in the property market. The situation raises concerns about the sustainability of the post-Covid recovery.
- ▪Industrial output in China has been on a downward trajectory for several months.
- ▪Retail sales growth was only 1.3% year-on-year in November, a concerning figure for the country's economy.
- ▪The Manufacturing Purchasing Managers' Index (PMI) was recorded at 49.2 in November, indicating contraction.
Opening excerpt (first ~120 words) tap to expand
<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/18032146/china-s-economy-loses-steam-as-domestic-demand-drops-michael-1-800x420.jpeg" alt="China’s economy loses momentum as industrial output and retail sales decline in April" class="w-full aspect-[19/10] object-cover" /> China’s economy loses momentum as industrial output and retail sales decline in April Weak consumer confidence and a persistent property slump are dragging on the world's second-largest economy, with ripple effects for global markets and crypto. Share Add us on Google by Editorial Team May.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
Discussion
0 commentsMore from Crypto Briefing
