China's economic slowdown deepens: Retail sales flatline and factory output tumbles
China's economy faced a significant slowdown in April 2026, with retail sales growth flat at 0.2% year-over-year and factory output dropping to 4.1%, both missing market expectations. Business investments fell by 1.6%, reversing previous gains. The urban unemployment rate decreased to 5.2%, while the property market continued to decline, with new home prices down 3.5%. The Shanghai Composite and Shenzhen Component saw slight increases, but the offshore yuan weakened amid negative economic sentiment.
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