China’s economy stumbles in May

BEIJING: Risks are rising that China’s economic growth will fall further in the second quarter and that fullyear forecasts will be cut further, after weekend data showed weakness in May exports and domestic activity struggling to pick up.

Evidence has mounted in recent weeks that China’s economic growth is fast losing momentum, but Premier Li Keqiang tried to strike a reassuring note, saying the economy was generally stable and that growth was within a “relatively high and reasonable range”.