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China’s Recovery Remains Unbalanced as Retail Spending Lags

  • Retail sales growth slowed to 17.7%, missing estimates
  • NBS says pandemic, uneven global recovery remain challenges
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WATCH: Jian Chang, chief China economist at Barclays Asia Pacific, discusses the prospects for the world's second-largest economy and the government's policies. (Source: Bloomberg)
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China’s recovery remained unbalanced in April, with industrial output and investment buoyed by strong exports and a hot property market, while retail sales missed forecasts.