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May 16, 2021, 10:38 p.m. EDT

China’s economic activity grows at slower pace in April

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Dow Jones Newswires

BEIJING — China’s economic activity grew at a slower pace in April, given a less favorable comparison with data a year earlier, when the world’s second- largest economy began its recovery from coronavirus shocks.

Industrial output rose 9.8% in April from a year earlier, slower than March’s 14.1% increase, the National Bureau of Statistics said Monday. The result was higher than the 9.1% increase expected by economists polled by The Wall Street Journal.

Retail sales, a key gauge of the country’s consumption, rose 17.7% last month, easing from a 34.2% jump in March and lower than the 24.9% increase expected by polled economists.

Fixed-asset investment rose 19.9% in the January-April period from a year ago, slower than the 25.6% jump in the first quarter but beating the 19.2% increase expected by economists.

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