China Rebound Gets More Lopsided as Factories Hum, Shoppers Lag

(Bloomberg) — China’s retail sales grew at the slowest pace since 2022 while industrial production accelerated, highlighting the unbalanced recovery of the world’s No. 2 economy.

Consumer spending expanded 2.3% in April, the National Bureau of Statistics said Friday. That’s down from 3.1% in March and worse than the 3.7% predicted by economists in a Bloomberg survey. Industrial output rose at a faster-than-expected 6.7%.