China's factory output posts first increase for 2020 but consumption still weak

BEIJING (Reuters) - China's industrial output rose 3.9% in April from a year earlier, data showed on Friday, expanding for the first time this year as the world's second-largest economy slowly emerged from its coronavirus lockdown.That was faster than the 1.5% increase forecast in a Reuters poll on analysts and followed a 1.1% fall in March.After months of lockdowns, China is slowly reopening its economy as the coronavirus outbreak on the mainland has come under control.However, it continues to..