China April industrial output up 5.9% on year

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China's Shanghai Composite index trimmed losses slightly to move back into neutral territory, while the Hang Seng index traded flat following the data.. China's central bank this week cut...

China's industrial output rose 5.9 percent in April from the year-ago period, just shy of the 6 percent forecast by a Reuters poll and after climbing 5.6 percent in March

Retail sales grew 10 percent from the year ago period, missing the the 10.5 increase expected and after rising 10.2 percent in March.

Year-to-date fixed asset investment growth 12 percent, compared with 13.5 percent forecast.

China's Shanghai Composite index trimmed losses slightly to move back into neutral territory, while the Hang Seng index traded flat following the data.

China's central bank this week cut interest rates for the third time in six months, in response to weaker-than-expected economic activity data, which has raised concerns that the government's annual gross domestic growth (GDP) target of "around 7 percent" could be at risk.

The economy expanded 7.4 percent in 2014, its slowest pace in 24 years and undershooting the government's target for the first time since 1998.

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