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China’s retail sales ‘bright spot’ amid uneven economic recovery

Summary:
[unable to retrieve full-text content]Optimism that China’s retail sales are emerging as an economic “bright spot” must be taken with a pinch of salt as May’s data still points towards an uneven recovery, with growth in the world’s second-largest economy still expected to moderate for the rest of the year.On the surface, headline growth for all of China’s key indicators dropped back last month as May’s figures for investment, industrial output growth and retail sales fell short of expectations, data released on Wednesday showed.But…

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[unable to retrieve full-text content]
Optimism that China’s retail sales are emerging as an economic “bright spot” must be taken with a pinch of salt as May’s data still points towards an uneven recovery, with growth in the world’s second-largest economy still expected to moderate for the rest of the year.On the surface, headline growth for all of China’s key indicators dropped back last month as May’s figures for investment, industrial output growth and retail sales fell short of expectations, data released on Wednesday showed.But…

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