China industrial production accelerates to 5.3% in June, exceeding market expectations

China's industrial output grew 5.3% in June, surpassing the 4.7% consensus forecast, signaling a potential stabilization in the manufacturing sector. However, the divergence between industrial strength and weak retail sales growth of 1.0%, alongside a 5.7% contraction in fixed asset investment, highlights persistent structural imbalances in the Chinese economy.