China's economy remains resilient in April despite US tariffs
China's economy stayed resilient, despite an ongoing trade war with the US. Data released for the month of April showed stable growth, with a mild softening in consumption and investment. Retail sales of consumer goods grew 5.1% on-year, despite missing analysts' estimates of 5.5%. Moving forward, analysts see more downside risks ahead, but investment banks are raising their forecasts for China's economic growth. Tan Si Hui reports.
China's economy stayed resilient, despite an ongoing trade war with the US. Data released for the month of April showed stable growth, with a mild softening in consumption and investment. Retail sales of consumer goods grew 5.1% on-year, despite missing analysts' estimates of 5.5%. Moving forward, analysts see more downside risks ahead, but investment banks are raising their forecasts for China's economic growth. Tan Si Hui reports.
Popular Shows
