China April Economic Reports Signal PBOC Has More Work Ahead

China’s economy showed little evidence of an acceleration at the start of the second quarter, with slower lending and investment data signaling that the central bank has more to do to shore up growth.

Industrial output rose 5.9 percent in April from a year earlier, after a 5.6 percent gain in March that was the weakest since 2008. Fixed-asset investment rose 12 percent, the least in almost 15 years, data from the National Bureau of Statistics showed Wednesday. The central bank said new yuan loans were