Chinese industry rebounded in April from record falls but the country’s economic recovery remains fragile after the latest threat from Donald Trump strained relations further.
Industrial production rose 3.9 per cent year-on-year in April after collapsing 13.5 per cent in the January-February period during the coronavirus outbreak, the National Bureau of Statistics said on Friday.
Fixed-asset investment and retail sales continued to fall but at a slower pace. Fixed-asset investment was down 10.3 per cent over the first four months of the year, compared with a 16 per cent decline in the first quarter. April retail sales fell 7.5 per cent year-on-year.
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