China’s Economic Recovery Worries Mount as Data Disappoints

(Bloomberg) — China’s consumer spending and industrial activity grew at a slower pace than expected in April, adding to signs the recovery in the world’s second-largest economy is losing momentum.

Industrial production rose 5.6% from a year earlier, the National Bureau of Statistics said Tuesday, lower than the 10.9% median estimate in a Bloomberg survey of economists. Retail sales climbed 18.4%, worse than forecasts for a 21.9% surge.