China's industrial output slows, property slump lingers
China's industrial production posted slower growth in April amid additional US tariffs.
China and the US agreed to sharply reduce their tit-for-tat levies in May, but uncertainties remain.
China's National Bureau of Statistics says industrial output grew 6.1 percent from the same month last year, marking a slowdown of 1.6 percentage points from March.
The latest data also underscore a continued property slump. Investment in real-estate development dropped 10.3 percent in the four months through April compared to the same period last year.
Prices of new houses fell in 45 of 70 major cities, up four from a month earlier. That means nearly two-thirds of major cities saw price declines.
The US and China have agreed to hold further trade talks during a 90-day pause. But concerns remain that friction may return if their negotiations break down.
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