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China Readies Fresh $9 Billion Consumer Stimulus as Retail Sales Shrink
The government is injecting new funds into a scaled-back trade-in program as a multiyear push to revive domestic consumption loses momentum
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caixinglobal.com
China Retail Sales Shrink for First Time Since 2022 in Blow to Economy
May figure misses expectations as fading stimulus, property slump stifle demand
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scmp.com
China sees first retail sales drop in over 3 years, prompting talk of stimulus
Despite surge in exports, the economy remained under pressure in May, with first decline in retail sales seen since end of Covid lockdown in late 2022.
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straitstimes.com
China’s economic imbalance deepens as retail sales fall for first time in over three years
Weak retail sales data puts pressure on the government to consider policy measures to stabilise consumption. Read more at straitstimes.com. Read more at straitstimes.com.
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China Readies Fresh $9 Billion Consumer Stimulus as Retail Sales Shrink
The government is injecting new funds into a scaled-back trade-in program as a multiyear push to revive domestic consumption loses momentum
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cryptobriefing.com
China's state planner to disburse 62.5 billion yuan by end of June in consumer subsidy push
China's NDRC will disburse 62.5 billion yuan by end of June for consumer trade-in subsidies covering appliances, EVs, and smartphones to boost spending.