- You can try Apple's new iPhone and iPad software now, here's how to get it
- Home Depot CEO says company hopes to cut costs to reduce impact of tariffs on consumer prices
- Brazil’s antitrust regulator wants competition in Sao Paulo airport
- Pilot killed in Eurofighter collision over eastern Germany
- Bristol-Myers Squibb, Celgene slide following news of delayed deal and psoriasis drug divestment
China’s factory output and consumer spending weakened in April as a tariff war with Washington intensified.
Continue Reading Below
Wednesday’s data prompted suggestions Beijing will need to prop up economic growth with more government spending.
Government data showed growth in factory output decelerated to 5.4 percent over a year earlier from March’s 8.5 percent growth.
Growth in retail sales declined to 7.2 percent over a year ago from the previous month’s 8.7 percent.
Manufacturers have been battered by President Donald Trump’s tariff hikes on Chinese imports. The escalating dispute has fueled unease among Chinese consumers, depressing domestic demand.