# China's April data show economic recovery losing steam, testing policymakers | Reuters

> China's April industrial output and retail sales growth came in below forecasts, suggesting the economy lost momentum at the start of the second quarter. Analysts said both domestic and trade growth remain weak and called for more policy easing after the post-COVID recovery stalled.

- Date: 2023-05-16 · published 2023-05-16T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/36179-china-s-april-data-show-economic-recovery-losing-steam-testing-policymakers
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weaker Chinese industrial and consumer activity suggests softer demand for feed-intensive meat and lower imports of soybeans and feed grains. Pressure for policy easing could eventually support demand, but not in the near term.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-05-31 | [China's factory activity falls faster than expected as recovery stumbles \| Reuters](https://feedsoft.ai/events/36174-china-s-factory-activity-falls-faster-than-expected-as-recovery-stumbles-reuters.md) | +4.4% | +11.9% |
| SOY | 2018-11-09 | [Argentina's grain sector is set to recover in the coming years - DatamarNews](https://feedsoft.ai/events/61890-argentina-s-grain-sector-is-set-to-recover-in-the-coming-years-datamarnews.md) | +2.4% | +4.9% |
| SOY | 2022-06-14 | [China’s Soybean Demand Set to Fall Short Term, Grow Long Term \| CZ app](https://feedsoft.ai/events/40918-china-s-soybean-demand-set-to-fall-short-term-grow-long-term-cz-app.md) | -1.6% | -7.0% |
| SOY | 2019-09-03 | [Long-Term U.S. Agricultural Outlook Affected Broadly by Uncertainty of China’s Markets \| Economic Research Service](https://feedsoft.ai/events/56957-long-term-u-s-agricultural-outlook-affected-broadly-by-uncertainty-of-china-s.md) | -1.4% | +5.7% |
| SOY | 2024-02-21 | [US exporters losing battle for domestic soybeans to expanding crush](https://feedsoft.ai/events/31702-us-exporters-losing-battle-for-domestic-soybeans-to-expanding-crush.md) | -4.1% | +0.6% |
| CORN | 2018-03-16 | [Lower prices signal pork sector recovery continues in China](https://feedsoft.ai/events/65975-lower-prices-signal-pork-sector-recovery-continues-in-china.md) | -2.0% | +1.9% |
| CORN | 2018-11-09 | [Argentina's grain sector is set to recover in the coming years - DatamarNews](https://feedsoft.ai/events/61890-argentina-s-grain-sector-is-set-to-recover-in-the-coming-years-datamarnews.md) | -6.9% | -0.6% |
| CORN | 2018-10-01 | [Major Changes in Export Flows Over the Last Decade Show the U.S. Is Losing Market Share in Global Grain Trade \| Economic Research Service](https://feedsoft.ai/events/62393-major-changes-in-export-flows-over-the-last-decade-show-the-u-s-is-losing.md) | +1.2% | +0.7% |

## Sources

- reuters.com: https://www.reuters.com/world/china/chinas-factory-output-consumption-highlight-slack-post-covid-economic-momentum-2023-05-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.