China’s economy resumed its grind toward slower growth in April, suggesting continued fiscal and monetary support is still needed to maintain demand. Industrial production climbed 6 percent in April from a year earlier, versus 6.8 percent in March and economists’ estimates for 6.5 percent. Retail sales also missed analyst forecasts, rising 10.1 percent, while fixed-asset investment increased 10.5 percent in the January-April period versus economists’ expectation for 11 percent. After a rocky start to 2016 marked by a sliding yuan, capital outflows and tumbling shares, China’s economy had stabilized and even picked up ... (full story)