China's economic imbalance deepens as retail sales fall for first time in over three years - Reuters
China's economic imbalance deepens as retail sales fall for first time in over three years Reuters
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Notable Quotes
"The weak retail sales data puts pressure on the government to consider policy measures to stabilize consumption. I still expect policy 'fine tuning' will come in July after second quarter GDP data is released."
— Zhiwei Zhang , Academic
"Several divides characterised the economy in May: the divide between domestic and external demand, the divide between AI and the traditional industries, and the divide between goods retail and services consumption."
— Xu Tianchen , Academic
"For full-year 2026, achieving the growth target of 4.5-5% won't be difficult, but soft domestic demand still warrants policy intervention in the second half."
— Xu Tianchen , Academic
"China still has ample room for investment in future, with new urbanisation, rural revitalisation, the development of 'new quality productive forces' and improvements in public services all requiring support."
— Fu Linghui , Academic
"While there are pockets of strength in tech and export-related industries, the broader economy is still struggling."
— Lynn Song , Executive
"Second-quarter GDP data looks to be weak, but not quite as weak as one would expect from April data."
— Yu Song , Executive
"Some companies are facing difficulties. But looking at the overall trend, the momentum of the economy remains overall stable."
— Fu Linghui , Academic
Key People
Spokesperson for the National Bureau of Statistics.
Chief economist for Greater China at Dutch bank ING.
Senior economist at the Economist Intelligence Unit.
Chief China economist at UBS Securities.
Chief economist at Pinpoint Asset Management.
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<a href="https://news.google.com/rss/articles/CBMipwFBVV95cUxPX3JGYmVKZHJaWGJOM0hRU3hoRm5GWWhIN3NhS1pib29oMlR6UlJhMzM4Y2R0UWt0SG9BdUgwZmYxX3hxSVpwT0JiUDN2bmNLdno0TW1QNVh4MUw4OThfWE5PTUNqQVY3czBOdHZDMGxZQktGdVQ0RER1MlB0TFB6MFB0VldBMHdRS2JhVlJRTWdfZUVZZFNYMlFXcV9iaHBnTXRlNXpmWQ?oc=5" target="_blank">China's economic imbalance deepens as retail sales fall for first time in over three years</a> <font color="#6f6f6f">Reuters</font>
China's retail sales fell by 0.6% year-on-year in May, marking the first decline since 2022, as leaders struggle to boost domestic consumer activity.
Retail sales in China declined by 0.6% year-on-year in May, the first annual drop since December 2022, indicating faltering consumer spending.
China's retail sales declined by 0.6% in May, the first drop in over three years, highlighting economic imbalances amid industrial growth.
China's retail sales fell by 0.6% in May, the first decline in over three years, amid weak domestic demand and economic imbalances.
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