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China posts weak May industrial output, investment, retail sales stumble

April data had also been mixed, suggesting a softening in demand

Reuters  |  Beijing 

China reported weaker-than-expected activity data for May, adding to views the economy is finally starting to slow under the weight of a prolonged crackdown on riskier lending that is pushing up borrowing costs for companies and consumers. Industrial output, investment and retail sales all grew less than expected, data showed on Thursday, offsetting upbeat trade data and suggesting further weakness ahead if Beijing perseveres with its crackdown on factory pollution and questionable local government spending. Adding to the uncertainty over economic conditions, China's central ...

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First Published: Thu, June 14 2018. 10:16 IST