China industrial output slows down in May

March 14, 2017, Linhai, Zhejiang Province, China, Geely Automobile Manufacturing Plant, assembly plant workers are assembling the engine, representing the highest level of China's state-owned car bran - Görsel
China industrial output slows down in May

As the Chinese economy showing some signs on weakening demand amid trade war, the industrial output in the world’s second largest economy in May slowed to a more than 17-year low in May, according to the official figures. The data from the National Bureau of Statistics (NBS) revealed on Friday that the industrial production grew 5.0 percent in May from a year earlier, below expectations of 5.5 percent and missing April’s data of 5.4 percent . The data was the weakest one since 2002. In another data, the NBS said the urban unemployment rate stood at 5 percent in May, the same with April. According to the data, the country had created 5.9 million new urban jobs by the end of May, meeting its plan for the year.