Our China Activity Proxy suggests that economic growth weakened in May on the back of a fall in services activity. Industry also slowed, following months of outperformance. We doubt this marks the start of a downturn just yet – fiscal stimulus and strong exports should continue to offer support over the coming months. Structural headwinds will drag on growth over the longer run, however.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.