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China, with consumer spending decline in May, export boom supports economy
Consumer spending fell in China for the first time since December 2022, during the COVID pandemic era. The May figure is 0.6 percent lower than that of last May, according to new data released by Beijing's National Bureau of Statistics. Investments also contracted further, by
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cryptobriefing.com
China's consumer spending may contract for first time since pandemic
China's April retail sales grew just 0.2% YoY, the weakest since December 2022, as HSBC slashes its 2026 forecast and GDP growth projections fall.
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scmp.com
China credit data shows demand dip, household deleveraging amid weak investment
But while traditional industries are mired in a downturn, hi-tech firms look to expand – many through direct financing.
