China’s industrial output and retail sales growth slowed sharply last month while investment dropped as policymakers warned that geopolitical conflicts were creating a “severe” global economic environment.
Industrial production rose 4.1 per cent in April from a year earlier, official data showed on Monday, falling short of a Bloomberg poll of analysts that forecast a 6 per cent rise and last month’s figure of 5.7 per cent.
Retail sales were up 0.2 per cent year on year, little changed and lower than analyst forecasts of 2 per cent growth and last month’s 1.7 per cent.
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