April data shows China’s retail sales growth nearly stalled and industrial output weakened amid geopolitical tensions and slowing demand.
China’s retail sales growth slowed to 0.2% year-over-year in April, the weakest since late 2022, as consumer spending faltered. Factory output also declined, reflecting broader economic strain amid geopolitical fallout from the Iran conflict.
The slowdown marks a sharp deceleration from prior months, with retail sales previously expanding at a stronger pace. Industrial activity, a key driver of China’s economy, faced similar headwinds, signaling deeper challenges in domestic demand and external pressures.
Markets are closely watching for policy responses as growth concerns mount, though no immediate reaction was reported.