The latest Chinese activity data shows a 'mixed bag' with weak consumption, highlighting the necessity for increased fiscal and monetary aid for a lasting economic rebound.
Retail sales growth in April was lower than expected at 2.3% YoY, while industrial production rose 7.7%, painting a more positive picture for the manufacturing sector.
The 'K-shaped' economic recovery in China is evident with strong industrial production and export growth, contrasting with the ongoing challenges in the domestic market like the property crisis.
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