China’s retail sales rose 12.4% in May, according to Chinese National Bureau of Statistics, missing analysts’ estimated increase of 13.6 %.

  • In April 2021, the retail sales increase surpassed the expectation of 17.7% from last year’s.
  • The overall unemployment rates in cities dropped to 5%.
  • For youths aged between 16 and 24 years, the unemployment rate fell to 13.8%.
  • Industrial productivity increased to 8.8% in May from last year, less than the 9% growth forecast by analysts.

China’s recovery from the coronavirus pandemic has been lagged by low consumer spending.

CSI 300 is down 1.67%, USDCNY is down 0.10%.