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China Industrial Output, Retail Sales Growth Weakens

China’s industrial production and retail sales growth eased more-than-expected in April, suggesting weak economic activity at the start of second quarter. Industrial production advanced 5.4 percent year-on-year in April, following March’s 8.5 percent increase, figures from the National Bureau of Statistics showed
Wednesday. The growth rate was forecast to slow moderately to 6.5 percent.
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