China’s Economic Recovery Slows Down in April?

Is China's economic recovery stalling? The latest releases from earlier in the day are raising doubts, with the pace of growth in industrial

Written by: Aiswarya Gopan • Monday, May 17, 2021 • 1 min read

• Last updated: Monday, May 17, 2021

Will China's economy slow in March after tariffs application?

Is China’s economic recovery stalling? The latest releases from earlier in the day are raising doubts, with the pace of growth in industrial output slowing down in April while retail sales came in below expectations.

According to the NBS, factory output increased by 9.8% YoY during April, coming in lower than the previous month when it increased by 14.1%. Although the reading slowed down since March, it came in line with economists’ expectations.

Meanwhile, retail sales posted a 17.7% YoY growth in the month of April, significantly lower than the 34.2% surge seen in March and below economists’ forecast for an increase by 24.9% instead. while publishing this data, the NBS stated that China’s economy did continue its recovery through last month but could face difficulties with the emergence of new challenges.

In other signs of the economic recovery possibly slowing down, fixed-asset investment in the private sector expanded by 21% between January and April, against the previous three months when it had increased by 36%. Investment in China’s real estate sector also experienced somewhat of a slowdown, with the pace of growth slowing down to 21.6% between January and April, from 25.6% in the January-March period.

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ABOUT THE AUTHOR See More

Aiswarya Gopan

Financial Writer & Editor - Asia & Europe Desk

Aiswarya Gopan is a financial journalist, editor, and content strategist with more than 19 years of experience across financial markets, fintech, blockchain, and technology. She has worked with leading cryptocurrency exchanges, including BingX and KuCoin, driving content strategy, market research, and editorial initiatives covering digital assets, DeFi, Web3, and global financial markets. Drawing on a background in cybersecurity, technology journalism, and market research, Aiswarya specializes in translating complex financial and blockchain developments into clear, timely insights. At FX Leaders, she covers cryptocurrency, stocks, forex, and macroeconomic developments across the Asian and European trading sessions.