China's factory output resists tariff impact, retail sales slow

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The Straits Times 6h ago

China's factory output resists tariff impact, retail sales slow - The Straits Times

Quick Summary:

Mr Fu Linghui, statistics bureau spokesperson, told a press conference on May 19: “China’s foreign trade has overcome difficulties and maintained steady growth, demonstrating strong resilience and international competitiveness.

Beijing and Washington reached a surprise agreement recently to roll back most tariffs imposed on each other’s goods since early April.

In April, Beijing and Washington escalated tariffs to over 100 per cent in several rounds of retaliatory moves.