China's youth unemployment hits a fresh record high in May, major data disappoint

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China's youth unemployment hits a fresh record high in May, major data disappoint
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Authorities have started to loosen monetary policy in a bid to support growth, although broader measures aren't expected until top leaders hold a regular meeting in late July.

Retail sales for May rose by 12.7% in May from a year ago, below expectations for 13.6% growth forecast by a Reuters poll.

Analysts forecast a 4.4% increase in fixed asset investment for the first five months of the year from a year ago.

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