China steel output hits record high


China reported weaker-than-expected activity data for May, adding to views the economy is finally starting to slow under the weight of a prolonged crackdown on riskier lending that is pushing up borrowing costs for companies and consumers.

World economic recovery creates favorable conditions for China's trade. Sales measured by floor area grew 2.9 % in January-May from the same period a year earlier, up from 1.3 % in the first four months of the year.

Industrial production in China was up 6.8 percent on year in May, the National Bureau of Statistics said on Thursday.

China's retail sales, investment growth and industrial output monthly figures came in below market forecasts in May, but were still solid. Year-to-date output rose 5.4 percent to 369.86 million tonnes.

Investment in the private sector - accounting for around 60% of total investment - grew at an annual pace of 8.1% in the first five months of the year, down from 8.4% between January to April.

More news: US Open 2018: third round

China's home prices rose by the most in 19 months in May even as the government pressed ahead with a two-year campaign to curb property speculation.

The data add to signs of strength after home sales by value bounced back last month, in a what is traditionally a slow season, separate data released Thursday showed. China produced 81.13 million tons of crude steel last month, up 5.8 percent from the previous month and 8.9 percent from the same month in 2017.

China's economy will likely expand by around 6.7 percent in the second quarter from a year earlier, the State Information Center (SIC), an official think tank, said recently.

Fixed asset investment gained 6.1% on year in May, missing forecasts for 7.0%, which would have been unchanged from the April reading.

Later today, the United States government will finalise a list of up to $US50 billion in Chinese imports that will be subject to 25% tariffs.

Related News:

Most liked

ON Premier-Designate Ford Announces End of Carbon Tax
Eliminating cap and trade will help deliver on a campaign promise to cut gasoline prices by 10 cents per litre, Ford said. The government will provide clear rules for the orderly wind down of the cap-and-trade program.

Jason Day: Mental strength will be the key element at US Open
He's tried that before, he said, "and I was home Friday night". "I've hit it good enough to be right up next to that lead. All of his US Open disappointments, Mickelson said, have provided valuable lessons. "But fair - and go let us play".

No change on US troop presence in South Korea: Seoul official
However, the parties agreed to continue to work on finding solutions on these issues, said in a joint press release. House of Representatives Wednesday. -South Korean combined military exercises, White said.

"Super Smash Bros. Infinite" Trailer Debuts, Every Character From Franchise Included
Universe, backed by three fellow exclusives in Super Mario Party , Fire Emblem: Three Houses , and the Splatoon 2 Octo Expansion. Nintendo clears the air, saying that the upcoming brawling title is indeed a brand new game and not a post of another Smash .

Australian PM to deliver formal apology to child sex victims
Of the commission's recommendations, 84 related to a redress scheme for survivors and how it should be implemented. The five-year inquiry found tens of thousands of children had suffered abuse in Australian institutions.

Wisconsin: a Citizen of Israel taught ISIS to produce ricin
Those chats includes information about chemical attacks, how to poison a public water supply, and bomb-making instructions. Dais is the first person arrested in the United States over the past six months on charges of supporting jihadists groups.

Britain's Rolls-Royce is slashing 4600 jobs
The latest restructuring plan will cost the company £500m and is expected to save it as much as £400m a year by the end of 2020. Rolls-Royce now employs 26,000 people in the United Kingdom , nearly half of its total workforce worldwide.

Risky heat & humidity building into Mid-Missouri
Shower and storms chances look on the low side as a ridge will dominate our local weather with storms tracking well north of us. Even sundown won't offer much relief - the heat index will hover at or above 80 degrees into the overnight hours.

DHS reports about 2000 minors separated from families
The bill, a compromise between moderates and conservatives, is expected to be voted on next week. Mr Sessions said having children would not shield border-crossing migrants from prosecution.

Simply Be and High & Mighty stores set to close
For example, it re-launched its JD Williams brand, a department store concept offering style for customers over the age of 45. Revenue at JD Williams declined 2 percent, but increased 9.3 percent at Simply Be and 2 percent at Jacamo.

Anthony Bourdain's body reportedly cremated in France
The two were in the country working on a new episode of Parts Unknown . "Netflix, this show isn't just entertaining". At the time of his death, he was in the midst of filming season 11 of the travel and food program.

Gmail for iOS Gets AI-Based Smart Notifications for High-Priority Emails
Google is first bringing high-priority notifications to Gmail for iOS , with an update to the Android app set to follow later. Moreover, the latest feature was announced alongside the major design changes for Gmail in April.

State AG files lawsuit against Trump Foundation
She also asked that Trump be banned from heading any other nonprofits in NY for the next decade. "I won't settle this case! " he said.

Carbs And Fats, The Brain Is Wired To Love The Combination
Small and her colleagues set out to explore the brain-gut mechanisms involved in processing carbohydrate- and fat-rich foods. The foods offered were high in fat, carbohydrates or both. "They are affecting our physiology differently", Small said.

Texas cities are vaccine opt-out 'hot spots' for kindergartners
Now 18 states in the US permit non-medical exemptions from childhood vaccinations due to philosophical beliefs. The top five counties on the list are all in the Gem State.