China’s March Industrial Data Disappoints: A Closer Look at China’s Economic Slowdown
Beijing, China – Recent data from China’s National Bureau of Statistics revealed that in March, the country’s industrial output only grew by 4.5%, falling short of expectations set by Reuters which predicted a 6% increase. This slower growth was attributed to the manufacturing industry growing by 5.1%, while the mining industry saw a mere 0.2% growth. In addition, China’s electricity, heat, gas, and water production and supply industry experienced a moderate climb of 4.9%. Chinese …