China’s industrial output grew 5.8% in April year-on-year following a 5.6% rise in March, while fixed asset investment rose 12%, marking the weakest rate for that figure in nearly 15 years, Bloomberg reported, citing data from the National Bureau of Statistics. Retail sales rose 10% in April for the same period, and the M2, or broadest measure of the money supply, rose 10.1% from a year earlier, falling short of a government target of 12% for this year. “The darkest moment of the first quarter is already behind us, but the economy is still very weak,” said Larry Hu, head of China economics at Macquarie Securities. “The government will continue to add more stimulus.”
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