emirates7 - China's economy continued to rebound in May, supported by strong macroeconomic policies despite growing external challenges, according to official data released on Monday.
As reported by China Daily, the National Bureau of Statistics (NBS) announced that the country’s industrial output from enterprises above a designated size rose by 5.8% year-on-year in May.
Retail sales—a key indicator of consumer activity—increased by 6.4% compared to the same month last year, accelerating from April’s 5.1% growth.
Investment in fixed assets, which includes spending on infrastructure, real estate, machinery, and equipment, climbed 3.7% in the January-May period compared to a year earlier. This marks a slight slowdown from the 4% rise recorded in the first four months.
The urban unemployment rate edged down to 5% in May, improving from April’s 5.1%.
The NBS stated that China's overall economic performance remained stable in May, thanks to supportive policy measures, and highlighted the country’s economic resilience and vitality.
However, the bureau also cautioned that external uncertainties are increasing and that the recovery’s foundation remains fragile.
Looking ahead, the NBS emphasized the importance of staying focused on domestic priorities, such as boosting internal demand and improving the flow of the domestic economy. It also stressed the need to stabilize employment and advance high-quality development.
As reported by China Daily, the National Bureau of Statistics (NBS) announced that the country’s industrial output from enterprises above a designated size rose by 5.8% year-on-year in May.
Retail sales—a key indicator of consumer activity—increased by 6.4% compared to the same month last year, accelerating from April’s 5.1% growth.
Investment in fixed assets, which includes spending on infrastructure, real estate, machinery, and equipment, climbed 3.7% in the January-May period compared to a year earlier. This marks a slight slowdown from the 4% rise recorded in the first four months.
The urban unemployment rate edged down to 5% in May, improving from April’s 5.1%.
The NBS stated that China's overall economic performance remained stable in May, thanks to supportive policy measures, and highlighted the country’s economic resilience and vitality.
However, the bureau also cautioned that external uncertainties are increasing and that the recovery’s foundation remains fragile.
Looking ahead, the NBS emphasized the importance of staying focused on domestic priorities, such as boosting internal demand and improving the flow of the domestic economy. It also stressed the need to stabilize employment and advance high-quality development.