China's National Bureau of Statistics data showed that industrial production in China rose 0.7% in May last year on an annual basis, defying expectations for a 0.7% decline, after that The rate decreased by 2.9% year-on-year in the previous April.
Retail sales fell less than expected, declining by 6.7% in May from last year, after recording a decline of 11.1% in April 2022.< /p>
Investment in fixed assets rose 6.2% in the January-May period, outstripping forecasts of 6% growth.
China's National Bureau of Statistics said in a statement that the economy showed good momentum for recovery in May, with the consequences of the (Covid-19) pandemic gradually overcome, and indicators improved Slightly major.
We must realize, however, that the global climate will be more complex, and that the local economy continues to face difficulties and challenges in order to recover, the bureau said.
