Figures from China’s National Bureau of Statistics has released new figures that show a fall of 2.9% year on year in the country’s industrial output for the month of April.

It said retail sales in China were down by 11.1% in April compared to the same month last year.

Furthermore, the unemployment rate in China in April reached 6.1%, with unemployment among 16-24 year-olds hitting 18.2%, which Bloomberg has said is a record for people in that age-group.

It quoted the head of China economics at the Macquarie Group, Larry Hu, as saying the April figures were the result of the government prioritising zero-covid over economic growth.

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