09 May 2025
More recent developments
May 18, 2026
Property sales decline slows in April, investment slump deepens
Real estate investment remains in freefall, even as home sales are slowly finding a floor. According to the stats bureau’s (NBS) April data on the property sector, published on May 18: New home sales by floor space fell 9.9% y/y,… Read More »
May 18, 2026
Consumer good retail sales collapse in April
The stimulatory impact of China’s consumer goods trade-in program has run out of road. Per data released by the stats bureau (NBS) on May 18, April retail sales of consumer goods only grew 0.2% y/y. Big ticket consumer items were… Read More »
May 18, 2026
Credit deteriorated in April
April’s credit data was far worse than the headline numbers suggest. Per central bank (PBoC) data released May 14, outstanding total social financing (TSF) expanded 7.8% y/y, down from 7.9% in March. Meanwhile, RMB loans contracted. At the end of April, there… Read More »