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China April Data Show Weaked Recovery: Herald

CHINA PRESS
MNI (Singapore)

China's April data released on Monday showed momentum of recovery has weakened with consumption and service industry lagging, even as industrial output expanded aided by strong exports, the 21st Century Business Herald reported citing analysts. Rising raw material prices have hurt small and medium-sized manufacturers and may ultimately slow wage growth, the newspaper said citing Luo Zhiheng, deputy head of Yuekai Securities Research Institute. Slower construction activities amid rainy weather in parts of the country contributed to weakened service performance, the newspaper said. Investment is expanding due to the resilient real estate and improved manufacturing, the newspaper said.

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