By Vivek Kumar China grappled with multiple economic challenges in May, highlighted by disappointing industrial output growth that fell short of expectations. This underscored the difficulties facing policymakers amidst a severe downturn in the property market and fluctuating investor confidence in the world’s second-largest economy. The National Bureau of Statistics reported a modest 5.6 per cent year-on-year increase in industrial production, a drop from April’s 6.7 per cent and below the 6 per cent forecasted by economists. Concurrently, fixed asset investment increased by a marginal 4 per …