China’s factory output, retail sales, investment all miss expectations in May
BEIJING: Growth in China's factory output slowed for a third straight month in May, possibly due to disruptions caused by COVID-19 outbreaks in the country's southern export powerhouse of Guangdong.
The Chinese economy has largely shaken off the gloom from the coronavirus-induced slump last year, but officials warn the foundations for the recovery are not yet secure amid challenges including rising raw material prices and global supply chain disruptions, especially a shortage of micro chips.
Industrial production grew 8.8per cent in May from a year ago, slower than the 9.8per cent uptick in April, National Bureau of Statistics data showed on Wednesday.
That missed a 9.0per cent on-year rise forecast by analysts from a Reuters poll.
Most China watchers had expected some moderation i...