China's May industrial output grew 4.5% YoY, beating forecasts, driven by AI exports and semiconductor demand with implications for crypto markets.

Tech and equipment manufacturing anchor the economy despite declining heavy industry

China's industrial output sees growth extended in Jan.-May period-

China's May industrial output grew 4.5% YoY, beating forecasts, driven by AI exports and semiconductor demand with implications for crypto markets.

Shipments of mechanical and electrical products reached a single-month record, though analysts caution that falling new orders point to sluggish global consumer demand