China's retail sales growth falls to 16-year low as trade war risks rise

Published: 15/05/2019
China's retail sales growth falls to 16-year low as trade war risks rise
Source: NEWS.YAHOO.COM

China on Wednesday reported surprisingly weaker growth in retail sales and industrial output for April, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates. Overall retail sales rose 7.2% in April from a year earlier, the slowest pace since May 2003, data from the National Bureau of Statistics (NBS) showed. "Weak retail sales partially stemmed fr

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