China's factory output perks up but consumers stay cautious
Factory output is one of the main drivers of China’s economy. China’s Industrial output growth increased to 4.4% in May 2020 from 3.9% in April 2020, while Retail sales decreased by 2.8% in May 2020 from 7.5% decrease in April 2020. These resulted from China’s gross domestic product decrease by 6.8% in the first quarter…