News Snapshot:
China’s industrial output grew 9.8 per cent in April from a year ago, slower than the 14.1 per cent surge in March, official data showed on Monday. That matched a 9.8 per cent on year rise in a consensus forecast by analysts from a Reuters poll. Retail sales rose 17.7 per cent year on year in April, much weaker than a 24.9 per cent uptick expected by analysts and down from the 34.2 per cent jump seen in March. Fixed asset investment increased 19.9 per cent in the first four months from the same period a year earlier, versus a...
