Goldman Sachs
May 22, 2026
China Economic Activity and Policy Tracker
Weekly UpdateMacro Economic IndicatorsCommoditiesRates Govt BondsReal EstateEnergy
The report provides a weekly update on China's economic activity, highlighting mixed signals in property and mobility alongside rising energy prices and continued policy support for growth and employment.
Key Takeaways
- 1.Property market transactions in both primary and secondary markets have declined recently but remain above the levels seen a year ago.
- 2.Energy costs are rising, with domestic gasoline and diesel prices increased on May 22 and significant surges in April export prices for jet fuel and diesel oil.
- 3.Mobility indicators are mixed; passenger flights have rebounded but remain below year-ago levels, while traffic congestion is increasing.
Table of Contents
- 1) Consumption and mobility
- 2) Production and investment
- 3) Other macro activity
- 4) Markets and policy
- Disclosure Appendix
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Authors
Chelsea SongAndrew Tilton
Securities
China Government BondUSDCNY
Themes
Energy Supply Shock and Price Pass-throughMacro Policy Support for Stability
Regions
Asia PacificChinaUnited States
