Don’t read too much into June’s weak consumption headline
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
China's GDP miss dominated today's headlines, and consumption came in for its own share of criticism – but the details tell a more encouraging story. What everyone is talking about: Retail sales of consumer goods edged up 1.0% y/y in June, reversing May's 0.6% contraction but still a lousy print. Au...