Economics
China’s Slow Recovery Points to Hard Road Back for Global Economy
- Industrial output comeback continues to outpace the consumer
- Lack of demand is the biggest problem facing China’s economy
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The fragile recovery in China’s economy is pointing to a long road back for the rest of the world too.
A string of top-tier data all showed that China’s factory output, consumer spending and investment continued to improve in May, but there are few signs of a broad based rebound needed to spur a V-shaped recovery.