Summary of #China’s #macroeconomy in May, by CF40 Senior Fellow Zhang Bin:
1. The #economy declined. #Manufacturing #PMI dropped 0.7%; PMI of big, mid and small businesses dropped 50.3%, 48.8% and 47.8% respectively.
2. #Industrial growth rate continued to fall.
1. The #economy declined. #Manufacturing #PMI dropped 0.7%; PMI of big, mid and small businesses dropped 50.3%, 48.8% and 47.8% respectively.
2. #Industrial growth rate continued to fall.
3. #Consumption growth picked up: total retail sales of consumer goods increased by 8.6% YoY.
4. Fixed #asset #investment dropped. In the first 5 months of 2019, #China's fixed asset investment grew by 5.6% YoY, down 0.5% from the figure for the first 4 months of the year.
4. Fixed #asset #investment dropped. In the first 5 months of 2019, #China's fixed asset investment grew by 5.6% YoY, down 0.5% from the figure for the first 4 months of the year.
5. #Exports rebounded, #imports fell and the #trade #surplus grew.
6. #CPI hit a new high while #PPI dropped.
mp.weixin.qq.com/s/fsn6JwmziNQJ…
6. #CPI hit a new high while #PPI dropped.
mp.weixin.qq.com/s/fsn6JwmziNQJ…
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