China stats bureau expects economy to improve in May
Reuters
Published May 15, 2022 11:30PM ET
BEIJING (Reuters) - China's statistics bureau on Monday said it expects China's economy to improve in May and that a recovery in consumption would quicken.
China is steadily pushing forward production resumption in COVID-hit areas, said Fu Linghui, spokesman for the National Bureau of Statistics, adding that China's economy would maintain a relatively sound trend in the second quarter.
Economic activity cooled sharply in April as widening COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment, adding to fears that the economy could shrink in the second quarter.
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Written By: Reuters
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