China’s economy showed fresh signs of resilience in April, with industrial output jumping 6.7% year-on-year – a notable leap from March’s 4.5% growth. Experts say this surge, driven by major manufacturing enterprises, highlights the impact of targeted policy support. \"Industrial output remains key to sustaining recovery,\" said Bruce Pang, JLL Greater China’s chief economist.
Mixed Signals in Consumer Spending
Retail sales grew 2.3% to ¥3.57 trillion ($494B), slowing slightly from March’s 3.1% rise. Pang attributed this to \"cautious budgeting\" ahead of May’s Labor Day holiday splurge. But hope’s on the horizon: service sector retail sales soared 8.4% in Jan-April, while urban unemployment dipped to 5.2%.
Tech Boom & Price Stability
High-tech manufacturing investments skyrocketed 49.6%, with aviation and aerospace sectors leading the charge. Meanwhile, consumer prices inched up 0.3%, while factory price declines narrowed – signaling balanced growth. \"The economy is expanding with month-on-month steadiness,\" Pang added, pointing to long-term resilience.
NewspaperAmigo – Your Global News Buddy 
\"Industrial output remains key to sustaining recovery,\" said Bruce Pang, JLL Greater China’s chief economist.
But hope’s on the horizon: service sector retail sales soared 8.4% in Jan-April, while urban unemployment dipped to 5.2%.
\"The economy is expanding with month-on-month steadiness,\" Pang added, pointing to long-term resilience.
