China is under pressure to boost its economy as the trade war escalates
CNN - Wed 15 May 13:05 GMT

China's vast economy showed new signs of weakness last month, raising the likelihood of increased government efforts to stimulate growth as the trade war with the United States escalates.

China is under pressure to boost its economy as the trade war escalates

  Beijing has already instituted several measures in recent months, like cutting taxes and increasing infrastructure spending, as economic growth slumped to a near three-decade low "Downbeat data strengthen the case for more easing," Julian Evans-Pritchard, senior China economist at Capital Economics, said in a research note.

  China's retail sales growth slowed to a 16-year low last month, raising questions about consumer confidence in one of the world's biggest markets .

  But activity in the sector also decelerated because there were fewer holidays in April this year than last, said Jingyang Chen, a China economist at HSBC, in an analyst note.

  China's retail sales growth cooled significantly last month, according to figures released Wednesday.

  The US-China trade war remains one of the biggest risks to China's economy, with tariffs expected to hurt economic growth on both sides.