Trump tariffs drive down China industrial output in May
The National Bureau of Statistics said on Monday industrial output in May grew 5.8 percent from a year earlier. But it was down from April's 6.1 percent.
Investment in real estate development tumbled 10.7 percent in the five months through May. The decline has deepened in recent months.
New home prices fell in 53 of China's 70 major cities. That's an increase of eight from the previous month. The latest figures underscore the prolonged slump in the property market.
But retail sales rose 6.4 percent year on year, posting sharper growth than in April. Government subsidies to replace consumer goods such as cars and household appliances contributed to the increase.
But concerns remain over a resurgence in trade friction between Beijing and Washington. This is even after both sides cut additional tariffs significantly in May and engaged in negotiations.
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