All articles tagged with #fixed asset investment
China’s consumer spending and investment slumped to Covid-era levels, with retail sales down 0.6% year over year and fixed-asset investment dropping 4.1% in the first five months, even as industrial production rose and exports remain robust, signaling a stalled recovery amid ongoing headwinds for domestic demand.
China's May data show weakening consumption and investment: retail sales fell 0.6% year-on-year—the first drop since December 2022—while urban fixed-asset investment declined 4.1% and manufacturing investment contracted for the first time since 2020; industrial production rose 4.5%, and unemployment eased to 5.1%, underscoring a K-shaped economy that may prompt targeted policy stimulus to boost demand.
China's economic recovery from the impact of Covid restrictions remains uneven as industrial production rose by 5.6% YoY in April, lower than economists' expectations of 10.9%, while retail sales rose by 18.4%, lower than the expected surge of 21%. Fixed asset investment rose by 4.7%, against expectations of 5.5%. China stocks have pared most of the gains seen this year, and market sentiment remains weak, with Goldman Sachs economist Hui Shan expecting more measures from the government to improve market confidence.