May.16 — Jian Chang, chief China economist at Barclays Asia Pacific, discusses the prospects for the world’s second-largest economy and the government’s policies. China’s economic activity moderated in April from its record expansion in the first quarter as retail sales missed forecasts. Industrial output rose 9.8% in April from a year earlier versus the median estimate for a 10% increase. Retail sales expanded 17.7% in the period, far slower than a projected 25% rise. Chang speaks on "Bloomberg Markets: Asia."