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Weekly Overview (May 15 – 21, 2017): Chinese industrial production rises less than expected

Pictured: Wall of China

Chinese industrial production rose 6.5% in April, the National Bureau of Statistics reported. The result was down compared to last month’s high of 7.6%. Retail sales climbed 10.7%, lower than the 10.9% growth in March.  Annual urban fixed-asset investment increased 8.9% in the period between January and April. Analysts had expected industrial production to rise 7%, retail sales to increase 10.8% and fixed-asset investment to grow 9.1%.

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