China sees growth in consumer spending & manufacturing in April

Cumulatively, retail sales increased 4.7 per cent in the January–April period, slightly up from 4.6 per cent in the three months or first quarter (Q1).

Meanwhile, the country’s value-added industrial output climbed 6.1 per cent YoY in April, reflecting robust industrial momentum. The manufacturing sector grew by 6.6 per cent, with equipment and high-tech manufacturing surging by 9.8 per cent and 10 per cent, respectively.

From January to April, industrial output advanced 6.4 per cent YoY. The figures track activity from large enterprises with annual main business revenues of at least 20 million yuan (~$2.78 million), said a Chinese state-owned media outlet.

ALCHEMPro News Desk (SG)