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Weak Economic Data Bolster Expectations for Further Policy Easing

2019年06月14日 21:04 来源于 财新网
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Analysts say more supportive policies are needed to stop economic slowdown after industrial output growth hit 17-year low in May

China’s government is likely to roll out more supportive policies to stabilize the economy after major activity data for May indicated mounting downward pressure on growth, analysts said.

Production at factories, mines and utilities, rose 5% year-on-year in May, down from a 5.4% pace in April, the National Bureau of Statistics (NBS) reported on Friday. That was the weakest increase since February 2002, when growth was 2.7%, and missed the median forecast of a 5.4% increase in a Bloomberg News survey of economists.

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