China's National Bureau of Statistics presented data showing economic indicators for April, admitting that country's economy is now under pressure, in Beijing on Wednesday.
"In April, the total retail sales of consumer goods reached 3,06 trillion yuan, a year-on-year growth of 7.2 percent, 1.5 percentage points slower than last month," said spokesperson of National Bureau of Statistics, Liu Aihua.
Liu Aihua added that though China's economy is still operating "within a reasonable range", the external conditions are "grim and complex" and "domestic structural contradictions are still relatively serious. So the overall economy is still under downward pressure."
Liu Aihua concluded that "the short-term comparison between the two consecutive months is worth attention", stressing that it's yet to be determined if the current data shows a trend.
China and the USA are currently involved in a trade war with both countries raising tariffs on various goods amid attempts to salvage a trade deal.