PBOC-backed Chinese media says China should focus policy on boosting consumer demand ...Middle East

Via People's Bank of China financial news outlet in China, an anlsyst pice:China should shift policy initiatives towards boosting consumer demandpolicy should move away from expanding credit---The recent data in China pretty much highlights that more needs to be done to bolster domestic demand. while factory output is performing solidly retail sales are disappointing:China April March Industrial output +6.7%y/y (expected +5.5%) Retail sales +2.3%(3.8% exp) This article was written by Eamonn Sheridan at www.forexlive.com.

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