China’s ‘big five’ banks pressured by consumer woes
Slower economic growth and stagnant wages have knocked confidence and lending
Slower economic growth and stagnant wages have knocked confidence and lending

Industrial production and retail sales expand by slowest pace this year as policymakers battle threat of deflation

Deepening decline and weakest retail sales growth in 3 years underline challenge for Beijing

Chinese policymakers are finally getting serious about boosting consumption

Beijing’s policies have encouraged overproduction and excessive competition

Communist party leadership pledges to ‘stabilise’ major engine of economic growth

Local banks stand to benefit most from the country’s large pool of savings