Urban

China economic performance is starting to look a little scratchy

2 monthes ago   |   By Business Insider

Kevin Frayer/Getty Images
Chinese economic data out today whiffed across the board.
Fixed asset investment in urban areas grew at an annual rate of 6.1% in the first five months of the year, the weakest performance since early 1996.
Retail sales growth also slowed sharply, increasing at an annual pace of 8.5%, the lowest level in 15 years. The deceleration was put down to seasonal factors.
Chinese economic data missed across the board in May, creating renewed concerns over a slowdown in the second half of the year.
Investment in fixed assets in urban area was particularly weak, driven...
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