China's economy is slowly crawling back from its coronavirus slump, but the 'very high' risk of a second wave looms large

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• Chinese industrial production rose in May alongside a pickup in several economic indicators, according to official data released by the country's statistics authority on Monday
• The data is the latest sign that the world's second-largest economy is on the road to recovery from the impacts of the coronavirus pandemic.
• A boost in consumer spending sent home and auto sales higher, the National Bureau of Statistics showed, raising optimism that the economy may emerge stronger from its virus hit.
• China's headline jobless rate fell slightly to 5.9% in May, down from April's 6.0% level, in a sign that the economy may have pulled itself together.
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Chinese industrial production rose in May alongside a pickup in several economic indicators, according to official data released by the country's statistics authority on Monday — the latest sign that the world's second-largest economy is on the road to recovery from the impacts of the coronavirus pandemic.

The has been battling the consequences of the coronavirus pandemic, but official data shows its factory activity recovered pace in May as restrictions tied to the COVID-19 outbreak were eased. 

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