KraneShares Bosera MSCI China A 50 Connect Index ETF

In April, China’s retail sales growth decelerated while industrial activity remained robust, according to data released on Friday by the National Bureau of Statistics. What Happened: Retail sales in April increased by 2.3% year-over-year, falling short of the 3.8% forecasted by a Reuters poll. This growth was also slower than the 3.1% reported in March. On the other hand, industrial production surged by 6.7% in April, surpassing the anticipated 5.5% growth and marking a significant increase from the 4.5% in March. Fixed asset investment for the first four months of the year rose by 4.2%, lower than the expected 4.6% increase. Real estate investment, however, saw a steeper decline, down by 9.8% year-on-year for the first four months of 2024. Despite the overall slowdown, retail sales grew by 6.8% year-on-year during a recent holiday period from Apr. 29 to May 3, ...Full story available on Benzinga.com

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The Fed seems determined to keep kicking the rate cut can down the road.

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