China's economy underperformed in April
中國四月經(jīng)濟(jì)出現(xiàn)低迷跡象

A fresh batch of economic data coming out from China's National Bureau of Statistics and it's pointing to a lacklustre April, signifying the downward trend in China's economy.

The country's factories were still sustaining pressure in April, as industrial profits rose 5.9% year on year, missing expectations. China's fixed-asset investments continued to slow despite government support. January to April's fixed-asset investment rose a mere 12%, slower than the last period and marking a four-year low.

China's housing market also continued to drag in April. January to April's real estate investment rose 6% year on year, slower compared to the last period's 8.5%.

Meanwhile, despite the flood of individual investors pushing up the Chinese stock market, little of the gains are going to the retail sector. April's retail sales rose 10%, missing expectations.