Reuters

BEIJING (Reuters) - Property investment in China fell 10.1% in the first five months of 2024 from a year earlier, after dropping 9.8% in January-April, even as policymakers doubled down on efforts to support the ailing sector and shore up consumer confidence.

Property sales by floor area in January-May fell 20.3% from a year earlier, compared with a 20.2% slump in January-April, National Bureau of Statistics (NBS) data showed on Monday.

BEIJING (Reuters) - China's May industrial output grew 5.6% from a year earlier, slowing from the 6.7% pace in April, adding pressure for more policy support amid an uneven economic recovery.

The official data released on Monday by the National Bureau of Statistics (NBS) was below expectations for a 6.0% increase in a Reuters poll of analysts.

Retail sales, a gauge of consumption, rose 3.7% in May, accelerating from a 2.3% increase in... (continue reading...)

BEIJING (Reuters) -China's new home prices fell at the fastest pace in more than 9-1/2 years in May, official data showed on Monday, as the property sector struggles to find a bottom despite government efforts to rein in oversupply and support debt-laden developers.

Prices were down 0.7% in May from the previous month, marking the 11th straight month-on-month decline and steepest drop since October 2014, according to Reuters calculations based on... (continue reading...)

SHANGHAI/SINGAPORE (Reuters) -China's central bank left a key policy rate unchanged as expected on Monday when rolling over maturing medium-term loans, and drained some funds from the banking system.

WHY IT'S IMPORTANT

The steady MLF rate comes in line with market expectations, as narrowing interest margins and a weakening currency remain key constraints limiting Beijing's scope to ease monetary policy to support the world's second-largest... (continue reading...)

(Reuters) - U.S. serviceman Gordon Black, detained in the Russian city of Vladivostok, has pleaded not guilty to charges of threatening to kill his girlfriend and partially guilty to theft charges, RIA news agency reported on Monday.

The state Russian agency, reporting from Black's second court hearing in Vladivostok, in Russia's Far East, said the U.S. soldier, who was stationed in South Korea but detained in Russia on May 2, spoke in court through an... (continue reading...)