China industrial production continues to rebound while retail sales shrink

<p>Released from China, industrial production grew 4.4% yoy in May, accelerated from April’s 3.9% yoy, but missed expectation of 5.0% yoy. Retail sales’s contraction slowed to -2.8% yoy, up from April’s -5.7% yoy, and missed expectation of -2.0% yoy. Fixed asset investment dropped -6.3% ytd yoy, missed expectation of -5.9% ytd yoy too. Outlook of […]</p>
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