China's retail sales increased by 5.1% Y/Y in April 2025, moderating from March's over 1-year high of 5.9% and missing market estimates of 5.5%. China’s surveyed unemployment rate edged down to 5.1% in April 2025,

Industrial output grew 6.1% in April, stronger than analysts' expectations for a 5.5% rise, indicating the impact from U.S. tariffs was not particularly pronounced.

Growth in China's industrial output and retail sales slowed in April, official data showed on Monday, as a trade war threatened to dampen momentum in the world's second-largest economy.