China's industrial production rose faster than expected in May as factories expanded production to meet export orders.
Output climbed 16.6 percent from a year earlier to a record 570 billion yuan ($69 billion) after a 16 percent gain in April, the Beijing-based statistics bureau said on its Web site today. Exports of ferrous metals such as steel rose 74 percent and those of laptop computers and shoes rose more than 30 percent.
and don't miss this part:
"Chinese consumer prices of clothing, household appliances and telecommunications products have declined every month since May 1999, government figures show."
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