More worry for China as industrial growth disappoints

China's economy showed further signs of weakness last month, with industrial output posting its slowest growth in 17 years, placing further pressure on the government as it tries to steady the ship while battling a trade war with the US. Retail sales actually beat expectations, rising 8.6 percent year-on-year in May, the National Bureau of Statistics (NBS) said on Friday. Beijing has rolled out huge tax cuts and other measures this year to try to blunt the impact of a trade war, which has seen the US impose tariffs on hundreds of billions of dollars worth of Chinese goods, causing worries for exporters.
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