China retail sales and industrial production cooled in May

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Growth in China’s consumption and industrial production cooled in May, showing that the country’s economic recovery is losing momentum, official data showed Thursday.

Retail sales, a proxy for China’s consumption, rose 12.7% from a year earlier in May, down from an 18.4% increase in April, said the National Bureau of Statistics. The result missed the 13.1% growth expected by economists surveyed by The Wall Street Journal.


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