00:00It's Benzinga, and here's what's on the block.
00:02China's economy showed mixed performance in May with property investment continuing to
00:06decline while consumer spending slightly increased compared to the previous year.
00:11The National Bureau of Statistics data revealed challengers for the country's economy
00:15as leaders aimed to meet the 2024 growth target of around 5% during the post-pandemic recovery.
00:21Property investment fell in the first five months of 2024,
00:24and Beijing announced measures to rescue the struggling property sector.
00:28Retail sales growth rose by more than 3% year-over-year in May, exceeding expectations.
00:33Analysts suggest reaching its GDP target for 2024 without additional policy measures
00:38may be a bit difficult. For all things money, visit Benzinga.com.
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