China industrial production holds up as property investment slows
China’s data released on Wednesday showed that both industrial production and retail sales held up in May, while fixed-asset investment eased.
Industrial production gained an annualized 6.5 percent in May, unchanged from the previous month. Analysts had predicted a 6.4 percent increase.
During the same period, retail sales edged up 10.7 percent, below forecasts of 10.8 percent.
investment soared 8.6 percent, compared to a previous of 8.9 percent, coming
below median estimates of 8.8 percent.