Logo 17 Jul 2026

Macro wrap | Can you see the K?

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Trivium Markets keeps you briefed on the latest developments in China markets policy.

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To view this macro wrap as a PDF, click here. China's K-shaped economy came into full view in Q2 [Fig 1]. Despite a surging AI sector and booming exports, GDP grew just 4.3% y/y – the slowest reading in over three years – dragged down by chronically weak domestic demand. It is this divergence – a hi...