Spyke

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I can't bring the archived page for whatever reason. Here is another report on new Chinese economic data.

Here is another report:

... Monday's [Chinese economic] data showed retail sales again lagging industrial output, while the property market was still in a downturn, having significantly eroded household wealth for the past five years.

Together with last week's releases showing soft consumer inflation and exports soaring by more than a third, a picture emerges of an economy increasingly dominant in global markets but struggling to generate prosperity at home ...

Weak consumer demand has intensified price wars, ⁠forcing companies to slash costs, including on payroll ...

"Rising trade tensions, protectionist measures and geopolitical frictions pose significant risks to future growth," they [analysts] said, adding "the economy is exposed to changes in the external environment to a greater extent than ​policymakers would prefer" ... [Source]

And that is based on official Chinese data which is arguably better than the real state of the economy. China is becoming increasingly dependent on its exports.

It''s just another catchy headline forwarded from ml ...

China Growth Stays on Track as Retail Sales Beat Forecasts

Retail sales in September has been as weak as in the last 12 months when month-on-month figures has been fluctuating between -0.26% (April) and +0.4% in June. In September, retail sales were +0.35%.

In the long run, China's retail sales have been and are very weak.

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