China Data to Show Contraction in May With Few Recovery Signs – Bloomberg

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Source: Bloomberg
China’s economy is teetering on the brink of a contraction this quarter, with key data for May likely to show little improvement from the previous month as Covid restrictions, a housing slump and weak demand continue to hammer growth.
After April’s collapse in activity, data on Wednesday will likely show retail sales declined more than 7% in May from a year earlier, while industrial output dropped 0.9%, according to the median forecasts in a Bloomberg survey of economists. 

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