The National Bureau of Statistics has released a slew of economic data Monday highlighting a slight ease in growth momentum.
Industrial output grew at 6 percent in May from a year ago, matching expectations. It grew 5.9 percent in the first five months of this year, slightly better than expected. Meanwhile, fixed asset investment growth eased to 9.6 percent in May on the year, undershooting a preliminary reading of 10.5 percent. This has mainly reflected in a 7 percent rise in real estate sector from January to May.
Retail sales in May grew 10 percent on the year, less than expected, as analysts had forecast they would rise at the same pace as in April.