Rome, 18 May (LaPresse) – In April, the Chinese economy suffered a setback, with consumption, industrial production and investment growth all falling short of expectations, due to the repercussions of the war with Iran, which have dampened the momentum of the world’s second-largest economy. This is reported by CNBC, citing data from China’s National Bureau of Statistics. Retail sales rose by 0.2% last month compared with the same period last year, a figure well below economists’ forecasts of a 2% increase and a slowdown from March’s 1.7%, according to the published data. This is the weakest growth since December 2022. Chinese industrial production rose by 4.1% in April compared with the previous year, slowing from the 5.7% growth recorded in March.
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