China's April industrial output growth slows amid global supply pressures

China's industrial production slowed in April, reflecting the impact of the situation in Iran on global supply chains and energy supplies. Nonetheless, exports continued to support industrial activity, with the export delivery value reaching a nearly four-year high.

Data released by the National Bureau of Statistics (NBS) on May 18 showed that, industrial output rose 4.1% year on year in real terms in April, slowing by 1.6 percentage points from the previous month. On a month-on-month basis, industrial output edged up 0.05%, slowing from the 0.23% increase