Tuesday's batch of data does little to allay concerns about China's outlook.
signalled weak domestic demand, raising pressures on policymakers to shore up the economic recovery as global growth falters.on Monday as expected, but markets are betting on more monetary easing in the coming months.flipped from early small gains to a loss after the discouraging data.
The data also showed fixed asset investment expanded 4.7% in the first four months of 2023 from the same period a year earlier, versus expectations for a 5.5% rise. It grew 5.1% in the January-March period. Hiring was still low among companies wary about their finances. The nationwide survey-based jobless rate stayed at 5.2% in April, down slightly from 5.3% in March.
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