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China data shows economy still in cooling trend

  • Published 11 Jun 2010

Official data released on Friday confirms cooling as the dominant trend in the Chinese economy, despite the rise of consumer price inflation above the government's 3% red line in May.

Industrial production expanded 16.5% in May year on year, slower than the 17.8% rise in April, and below economists' expectations of a 17.0% rise. Growth in fixed asset investment in urban areas slowed for the third consecutive month, rising 25.9% in the January-May period, compared to 26.1% growth rate in the January-April period.

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