China's Economic Recovery Stumbles as Industrial Output Disappoints

Via Metal Miner Clearly, China’s economy is not yet back on the recovery track, as evidenced by the mixed bag of data for May released on Monday. According to data from the National Bureau of Statistics (NBS), industrial production in China saw a 5.6% increase in May 2024 compared to May 2023. However, overall production was also down from the 6.7% growth posted in April this year. Despite this annual rise, the May industrial production figure fell short of analysts’ expectations of about 6% growth. The slowdown…