Chinese factory output slowed to its weakest pace on record in May, adding to pressure on Beijing to unleash further fiscal and monetary stimulus as the trade war with the US remains unresolved, said the Financial Times.
Output growth in China’s industrial sector slipped to 5% year on year in May, according to official statistics, with sectors such as automobiles, medical products and computer equipment seeing the sharpest slowdowns. The pace of industrial sector growth, down from 5.4% in April, was in effect the weakest reading since the data series began in 1995.
Analysts said the slowdown was mainly the result of weaker domestic demand, reported the Financial Times.
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