China shows growth in industrial production and retail sales in May, unemployment stands at 5%
China’s industrial production expanded by 5.6% Y/Y in May 2024, less than market expectations of a 6% rise and easing from a 6.7% growth in the previous month.
Retail sales grew by 3.7% Y/Y in May 2024, accelerating from a fifteen-month low of 2.3% rise in the previous month and compared to market forecasts of 3% gain.
The unemployment rate stood at 5% in May 2024, unchanged from April's five-month low and matched market forecasts.
China’s fixed-asset investment rose by 4% Y/Y from January to May 2024, compared to market forecasts and the previous period’s 4.2% growth.
ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE).
Currency: (CNY:USD)