China's industrial output, housing sector slow its recovery

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China News

Housing Market,Industrial Output Data,Seana Smith

China's housing market continues to face challenges as the country aims to bring its economy back to pre-pandemic levels. The latest industrial output data...

China's housing market continues to face challenges as the country aims to bring its economy back to pre-pandemic levels. The latest industrial output data from China showed that industrial output growth slowed to 5.6% in May, a decline of over 1% from the previous month's figure.Well, China is housing market still struggling to rebound even after record a stimulus with housing prices declining at a faster pace than initially anticipated.

And and that is that bumpy recovery and now specifically, I think the most concerning data point out of China here that we did get early this morning was the latest data that they have on the property sector. And it's also, it's also important to point out what we saw on the retail side of things too because that there's lots of questions about how much obviously that we can trust some of this data coming out of China.

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