China’s Economy Is Entering Another Quarter of K-Shaped Growth

Chinese consumption probably expanded far slower than the pace of industry in April, as trade remained the bright spot despite the global reverberations from the Iran war.

Data due Monday will show retail sales rose 1.9% last month from a year earlier, according to the median forecast of economists surveyed by Bloomberg. That would follow a 1.7% rise in March, extending one of the worst starts to any year outside the pandemic.