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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

Published Fri, Jun 14, 2019 · 09:50 PM

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.

Fixed-asset investment also missed expectations, rising 5.6 per cent for the January-to-Ma…