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15th Jun 2026 16:29China+Daily Monitor
  • China’s May retail sales dropped 0.6%, the worst since December 2022, reflecting trade-in subsidy payback.
  • Fixed-asset investment still appears weak, but the data are plagued by another round of falsification issues.
  • Manufacturing output is being propped up by exports; but further targeted support for demand is likely in July.

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Keywords for: 17 June 2026 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence