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.
