Three Things in China

China's April economic data was weaker than expected, leading to a projected GDP growth slowdown to 4.0% in Q2. However, signs of stabilization in the property market and significant FX inflows offer some encouragement.

Key Takeaways

• 1.April activity data in China missed expectations across industrial production, retail sales, and fixed asset investment.
• 2.The property market shows signs of stabilization with stable home sales and easing price declines in tier-1 cities.
• 3.China saw significant net FX inflows of US$37bn in April, though RMB internationalization remains in early stages.

Table of Contents

• Recent GS China macro research
• Thematic research and Trump-Xi meeting takeaways
• Data comments and trackers
• The China Economics Team
• Disclosure Appendix
• Global product; distributing entities
• General disclosures

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial