China’s economic activity likely remained resilient in April, supported by strong exports, with industrial output expected to accelerate further, a Wall Street Journal poll showed. Industrial production is forecast to rise 5.9% year-on-year in April, up from 5.7% in March, helped by resilient outbound shipments despite the prolonged Middle East conflict. Domestic demand, however, likely stayed soft. Fixed-asset investment for January-April is expected to grow 1.6%, easing from 1.7% in the first

China’s economic activity likely remained resilient in April, supported by strong exports, with industrial output expected to accelerate further, a Wall Street Journal poll showed. Industrial production is forecast to rise 5.9% year-on-year in April, up from 5.7% in March, helped by resilient outbound shipments despite the prolonged Middle East conflict. Domestic demand, however, likely stayed soft. Fixed-asset investment for January-April is expected to grow 1.6%, easing from 1.7% in the first quarter, while retail sales are projected to rise 2.0% in April, up from 1.7% in March. China is due to release the data on Monday.