According to China, retail sales rose 17.7% in April, which was in line with expectations

A worker uses a thermometer to check a customer’s temperature as they enter a Starbucks store while the country is hit by the new coronavirus outbreak in Beijing, China on Jan. 30, 2020.

A worker uses a thermometer to check a customer’s temperature as they enter a Starbucks store while the country is hit by the new coronavirus outbreak in Beijing, China on Jan. 30, 2020.

BEIJING – China on Monday said consumer spending grew more slowly than expected in April.

Retail sales rose 17.7% year over year last month, the National Bureau of Statistics said on Monday. According to analysts polled by Reuters, this fell short of expectations of 24.9% growth in April.

Retail sales in April also slowed from 34.2% year over year in March.

Industrial production rose 9.8% in April, in line with Reuters’ expectations.

Fixed investment rose 19.9% ​​in the first four months of the year, slightly above the 19% forecast by a Reuters survey.

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