Disappointing Chinese Domestic Data Could Add To Pressure For Fresh Stimulus

China's domestic economic data remains weak, with retail sales and fixed asset investment hitting multi-year lows. Conversely, industrial production shows resilience due to strong external demand.

Key Takeaways

• 1.Retail sales and fixed asset investment growth in China have plummeted to their lowest levels since the pandemic as domestic demand remains soft.
• 2.Industrial production remains a bright spot, driven by strong external demand in sectors like hi-tech manufacturing.
• 3.Disappointing domestic data is increasing pressure on policymakers to roll out fresh stimulus measures to boost consumption.

Table of Contents

• Disappointing Chinese domestic data could add to pressure for fresh stimulus
• Retail sales growth fell into negative territory in May
• Trade-in policy beneficiary sectors are now heavily dragging growth
• Fixed asset investment continues to plummet amid uncertainty
• Industrial production remains the lone bright spot
• Property prices continued to see mild decline

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