China reports new local transmissions as fears rise of virus resurgence
Industrial output increased 3.9% in April from a year ago, according to data released Friday by the National Bureau of Statistics. That’s well above the 1.5% uptick that analysts polled by Refinitiv expected, and the first time output has grown since December.
This growth can be attributed to the political pressure that Beijing is putting on factories to resume production, Julian Evans-Pritchard, senior China economist for Capital Economics, wrote in a …continued .
[Original Source: CNN]