China's Factory Output Disappoints, Property Sector Stuck in Doldrums

June 17, 2024, 12.23 PM | Source: Reuters
China's Factory Output Disappoints, Property Sector Stuck in Doldrums

ILUSTRASI. An aerial view of the Wanxiang Innovative Energy City under construction in Hangzhou, east China's Zhejiang Province, Jan 3, 2023.

CHINA - BEIJING. China's May industrial output lagged expectations and a slowdown in the property sector showed no signs of easing despite policy support, adding pressure on Beijing to shore up growth.

Apart from retail sales that beat forecasts due to a holiday boost, the flurry of data on Monday was largely downbeat, underscoring a bumpy recovery for the world's second-largest economy.

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