China's industrial output slows, retail sales match forecast in Q1

Industrial production in China recorded a decline in March, while retail sales in the country increase in line with original projections on the month, a report released by the National Bureau of Statistics revealed on Monday. The report showed that industrial output grew 8.9% in March and 9.5% in the Q1 after it gained 10% in the Q4, whereas retail sales were down 2% in the Q1 from a level of 14.5% in the Q4.