Good afternoon. Here’s what you need to know to end your day. China’s recovery in doubt as eco stats miss estimates. Morgan Stanley mulls Asia job cuts; China hardest hit. Cannes Film Festival kicks off with Depp and DiCaprio. miss consensus across the board in a sign the recovery is losing steam. Turnover in Chinese shares continues to slow, and the nation’s youth jobless rate soars to a record. AI is as hot as ever. rose 5.6% from a year earlier in April, while retail sales climbed 18.4%.