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China's production, investment, retail sales all disappoint in April

China's investment, factory output and retail sales all grew more slowly than expected in April, adding to doubts about whether the world's second-largest economy is stabilising.

Growth in factory output cooled to 6 percent in April, the National Bureau of Statistics (NBS) said on Saturday, disappointing analysts who expected it to rise to 6.5 percent on an annual basis after an increase of 6.8 percent the prior month.

China's fixed-asset investment growth eased to 10.5 percent year-on-year in the January-April period, missing market expectations of 10.9 percent, and down from the first quarter's 10.7 percent.

Fixed investment by private firms continued to slow, indicating private businesses remain sceptical of economic prospects. Investment by private firms rose 5.2 percent...


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