India, May 19 -- China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday.
Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March, the National Bureau of Statistics reported. However, this was stronger than the expected increase of 5.7 percent.
Retail sales advanced 5.1 percent from a year ago in April. Economists had forecast sales to advance 6.0 percent, following March's 5.9 percent increase. During January to April period, fixed asset investment climbed at a slower pace of 4 percent from t...