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China's industrial production rises for the first time this year

Christian Fernsby ▼ | May 15, 2020
China’s factory output rose for the first time this year as the world’s second largest economy slowly emerged from its coronavirus lockdown, although consumption remained depressed amid increased job losses.
China port
Slowly emerged   China port
Industrial production climbed 3.9% in April from a year earlier, data showed on Friday, following a 1.1% fall in March.

Topics: China

After months of lockdowns, China is reopening its economy as the outbreak on the mainland comes under control. The production of oil, coal, metals and electricity all increased as plants restarted operations in April.

However, China continues to face major challenges in its services sector, particularly retail, and as the pandemic sweeps the rest of the globe, affecting other major economies and trading partners.


 

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