China’s National Development Reform Commission vowed to implement more policies to increase private investment.
The People’s Bank of China noted that implementation of monetary policy will be precise and forceful, and that inflation may rebound gradually in the second half of the year.
China’s April Retail Sales 18.4% yr/yr (expected 21.0%; last 10.6%), April Fixed Asset Investment 4.7% yr/yr (expected 5.5%; last 5.1%), and April Industrial Production 5.6% yr/yr (expected 10.9%; last 3.9%). April Unemployment Rate 5.2% (expected 5.3%; last 5.3%)