Coronavirus: China’s industrial engine revved strongly in May, but consumption weak as slow recovery continues

China reported strong growth in its industrial engine for the month of May, as the economy continued to slowly recover from the effects of the coronavirus pandemic, data released on Monday showed.In May, China’s industrial production, a gauge of manufacturing, mining and utilities sector activity, grew by 4.4 per cent from a year earlier, up from 3.9 per cent growth in April, but slightly below the median forecast of a Bloomberg poll of analysts, which called 5.0 per cent growth. Within that,…

from South China Morning Post https://www.scmp.com/economy/china-economy/article/3089036/coronavirus-chinas-industrial-engine-revved-strongly-may