Chinese economy likely rebounded in May – Yicai
|The Chinese economy likely rebounded in May as declines in industrial output and consumption narrowed, Yicai.com reported, citing economists.
Additional takeaways
“Economists surveyed by Yicai expected industrial output fell 0.49% y/y in May, compared to the 2.9% decline in April, as power consumption by industrial enterprises in Shanghai recovered to 80.5% of the level same period last year while logistics also improved.”
“A decline in consumption narrowed to a 7% YoY dip from the previous 11.1% decline.”
“Fixed-asset investment may remain upbeat, growing about 7.2% amid policy pushes to boost the economy.”
China is set to release its May activity numbers on Wednesday.
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