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China's retail sales in May

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Zhang Meifang
CGMeifangZhang
China’s #economy withstood pressures, maintaining stable growth momentum this year. Highlights of the economic data: -Value-added industrial output up 5.8% y-o-y -Retail sales of consumer goods up 6.4% y-o-y -Foreign trade up 2.7% y-o-y -Service production index up 6.2% y-o-y pic.x.com/ZSoSPgByGN
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Michael Pettis
michaelxpettis
Caixin argues that unless there is a significant extension of fiscal policy support for consumption—for example through the trade-in voucher program—"China’s economic growth will likely slow in the second half of this year." www.caixinglobal.com/2025-06-17/analysis-why-china-faces-growth-slowdown-despite-strong-consumption-102331412.html
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Chinese Embassy in UK
ChineseEmbinUK
According to latest data from the National Bureau of Statistics, China's economy continued its strong recovery in May, driven by a multi-pronged package of government stimulus policies. #China #ChineseEconomy www.chinadaily.com.cn/a/202506/16/WS684f87d3a310a04af22c6799.html
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Jonathan Cheng
JChengWSJ
Chinese Spenders Open Wallets as Factories Slow—Trade uncertainty and real estate weigh on industrial growth as consumers improve consumption @wsj_douglasj @ByXiaoXiao @TByGraceZhu www.wsj.com/economy/chinas-may-data-paints-mixed-picture-as-u-s-trade-tensions-linger-51f7e5af www.wsj.com/economy/chinas-may-data-paints-mixed-picture-as-u-s-trade-tensions-linger-51f7e5af
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