China economy eases in April, sparking worries on rebound

Industrial output rose 6.0 percent year-on-year in April, the National Bureau of Statistics said, down from a 6.8 percent jump in March. Economists had estimated a 6.5 percent increase, according to Bloomberg News. "Industrial production was lower than expectations, indicating that the stabilisation momentum for the economy is not as strong as we imagined," Liao(…)