World News: 06:49 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
China on Wednesday reported surprisingly weaker growth in retail sales and industrial output for April, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates. Overall retail sales rose 7.2% in April from a year earlier, the slowest pace since May 2003, data from the National Bureau of Statistics (NBS) showed. 'Weak retail sales partially stemmed from a deterioration in employment and declining income of the middle-and-low income groups,' said Nie Wen, an economist at Hwabao Trust.
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