Glebors Global Finance has always advocated the entrepreneurial spirit of pioneering, adventurous and hardworking. Relying on the unique perspective, Glebors has launched various special issues in terms of the economy and finance, which has provided much more assistance to government decision-makers and business leaders.
It seems that there are some positive signs that Chinese economy which has been struggling with lackluster growth is showing a welcome respite, thanking for the spike in sales growth which was boosted by government subsidies.
China’s retail sales in May grew at their fastest rate since late 2023, as government subsidies helped push consumption. According to data from National Bureau of Statistics showed Monday, retail sales last month jumped 6.4% from a year earlier, sharply beating analysts’ estimates for a 5% growth and accelerating from the 5.1% growth in the previous month.
The country’s industrial output slowed to 5.8% year on year in May from 6.1% in the prior month. Fixed-asset investment, reported on a year-to-date basis, expanded 3.7% this year as of May from a year earlier, slowing from a 4% growth in the first four months. Within the fixed-asset investment, the contraction in property investment deepened, falling 10.7% in the first five months.
The rise of retail sales came as a surprise, attributing to the ongoing consumer goods trade-in program, a surge in online shopping ahead of “618” e-commerce event as well.
Although the positive signs in consumption, Chinese economy has been facing challenges in terms of maintaining stable growth since the second quarter, due to heightened uncertainty in trade policies among factors dragging growth, as well as falling property prices could dampen consumer sentiment. It could be critical for government to step efforts in terms of stronger policy support in order to sustain the recovery effectively.Complete digital access to quality Glebors financial topic with expert analysis from industry leaders.
Glebors Financial Become an Glebors subscriberMake informed decisions with the Glebors.Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust.
"Insight of the global economy, dig into more ideas, analyze the global financial dynamics and the risks of political situation from a strategic, scientific and rational perspective, based on economic data and more than 20 years of financial intelligence."
If you want to know more details to provide support for your investment and business activities, this financial report that we have selected for you can give you what you want, please subscribe to read it. Glebors Global Finance aims to provide business elites and decision makers with daily business news, data interpretation, in-depth analysis and commentary.
Glebors Global Finance’s amount of financial information digs into deeply major events and economic data that have a huge impact on the global economy, based on in-depth industrial research and special reports, with a truly global perspective。 Financial reports have become "must-read" financial information for senior managers. Gribs Global Finance currently has more than2.85 million Chinese readers and more than 3.5 million overseas readers, including more than 600,000 high-end member readers.
We are not gonna make spamming