China's economy stumbles in May as industrial output, retail sales growth miss forecasts

Open this photo in gallery: People walk in a shopping mall in Beijing, on June 15.WANG ZHAO/AFP/Getty Images China's economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery. The economic rebound seen earlier this year has lost momentum in the second quarter, prompting China's central bank to cut some key interest rates this week for the first time in nearly a year, with expectations of more to come. "The post-Covid recovery appears to have run its course, an economic…