Reuters: China’s economy cools sharply in April as lockdowns bite

  • April industrial output -2.9% y/y vs f’cast +0.4%
  • April retail sales -11.1% y/y vs f’cast -6.1%
  • Nationwide jobless rate highest since Feb 2020
  • Jan-April fixed asset investment +6.8% y/y, vs f’cast +7.0%

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