China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.
But fixed asset investment rose by 4.2% for the first four months of the year, lower than the 4.6% expected increase.
Industrial production rose by 6.7% in April from a year ago, beating expectations for 5.5% growth. That was also a marked pickup from 4.5% in March. Infrastructure and manufacturing investment during that time both slowed their pace slightly from the level reported as of March. "Major indicators of industry, exports, employment and prices improved overall, with new driving forces maintain rapid growth," the bureau said.to fund strategic projects. Oxford Economics expects the bulk of any economic impact won't be felt until the first half of next year.to levels not seen in at least two decades, due largely to changes in data measurement but also reflecting sluggish demand from businesses and households in borrowing for the future.
While the real estate slump has weighed in particular on middle-class wealth, she pointed out the economy overall has held up.
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