China industrial output slows in May as trade war persists
Manufacturing grew 5% last month, well below the 5.4% growth rate for April as companies grapple with US tariffs
Beijing
CHINA'S industrial output grew at its slowest pace in 17 years in May as stimulus measures failed to gain traction and as the trade war with the US is about to enter into a second year.
The latest monthly figure disappointed with output growing 5 per cent, well below the 5.4 per cent growth rate for April as companies continue to feel the impact of the tariffs imposed by Washington last July.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March
Canada posts surprise trade deficit as gold exports fell in March
OECD upgrades global growth outlook as US outperforms