As the trade war blues sales retail, housing, investment, China’s economy slows down in April

Industrial production slowed down and took effect as Trump’s pain was as high as 145% and Beijing imposed a retaliatory tax rate of up to 145%.

National Bureau of Statistics spokesman Fu Linghui said the overall trend was positive, although he pointed out that the “external shock” had gained intensity.

“It should also be noted that there are still many external instability and uncertainty, and that the foundation for the continued recovery and improvement of the national economy needs to be further consolidated,” Fook said.

Here are some of the key indicators reported on Monday.

retail

Chinese consumers have been hampering after the shock of a long recession in the real estate market, which is the source of family wealth. Retail sales rose 5.1% from a year ago in early April, lower than economists’ expectations for a 6% increase.

Fu said Beijing will continue to focus on supporting job creation and stimulating more domestic demand.

He also said China must stop prices from falling. In April, the Consumer Price Index fell 0.1%. This deflation is both a symptom of weak demand and a factor in the reluctance of shoppers to spend, hoping to get a better deal in the future.

“The current overall price level is very low, which puts pressure on production and the operations of the company and affects employment and income, so it is important to promote a reasonable price,” Fu said.

In the United States, for the fifth straight month, consumer sentiment has declined slightly in May, and Americans are increasingly worried that the trade war will worsen inflation.

manufacturing

Industrial production rose 6.1% from the same period last year, slowing from 7.7% in March as tariffs and other trade barriers were included in exports.

Fu said the truce in Trump’s trade war with China helped, calling it “favorable for the growth of bilateral trade and the recovery of the world.”

As tariffs were suspended for 90 days in order to take time to negotiate, the goods have been resurrected as businesses rush back to school and other seasonal deadlines.

But even before Trump took office for the second time in January, China was under pressure from trading partners because they rely too much on exports to absorb its surplus of industrial production.

And if output continues to exceed the demands of businesses and consumers, prices will continue to fall.

“In view of China’s manufacturing competitiveness and manufacturing competitiveness and positive orders before the end of the 90-day armistice, export-driven factory output benefits may continue, but this is a source of continuous placement costs,” Louise Looso of Oxford Economics said in a report.

Investment and real estate sales

The government reported that fixed assets invested in factories and equipment rose 4% in the first four months of April.

However, from January to April, real estate investment fell 10.3% year-on-year. New house prices have also been lowered.

While manufacturing performed better than expected, the pressure from trade has complicated efforts to focus on the housing market and maintain economic recovery.

Big China In an economics, Lynn Song, chief economist of Big China, said in a report: “The recovery of the real estate market remains unbalanced and gradual.