However, there were signs that those consumers were starting to pull back, with clothes and auto sales falling last month from the same period last year. Total retail sales expanded 7.2 percent year-on-year last month, figures released yesterday showed. The Chinese National Bureau of Statistics data represent the worst pace since 2003, at the height of the SARS crisis. Growth in output at China’s factories and workshops last month slowed sharply to 5.4 percent year-on-year, down from 8.5 percent in March, and below forecasts. Fixed-asset investment during January to April rose 6.1 percent, from 6.3 percent in the first three months, with private-sector investment growth slowing to 5.5 percent expansion and infrastructure investment steady from last month.
Source: Taipei Times May 15, 2019 15:56 UTC