China's Latest Economic Numbers: Not Reassuring

Customers browse clothing during the opening of Fast Retailing's Uniqlo Lee Theatre flagship store in Hong Kong Photograph by Jerome Favre/Bloomberg

China’s latest numbers: not horrific but not reassuring either. Urban fixed asset investment, the main driver of economic growth in recent years, grew a less-than-expected 20.6 percent in the first four months, reported China’s National Bureau of Statistics on May 13. That showed a slight cooling from 20.9 percent growth in the first quarter, while economists had been expecting 21 percent.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.