Economic Buzz: China Industrial Production Decelerates 5.4% On Year In April

Chinas industrial production advanced 5.4 percent year-on-year in April, following Marchs 8.5 percent increase, figures from the National Bureau of Statistics showed Wednesday. The growth rate was forecast to slow moderately to 6.5 percent. Likewise, annual growth in retail sales eased to 7.2 percent from 8.7 percent a month ago. Sales were forecast to expand 8.6 percent. Data showed that fixed asset investment climbed 6.1 percent during January to April period compared to the 6.3 percent expansion logged in January to March period.