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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.
