Reported 8 months ago
China's housing market continued to decline in May, prompting calls for government intervention, while factory output fell short of expectations. Retail sales, however, exceeded forecasts. Analysts highlighted the challenges in the property sector, with real estate investment and home prices dropping. The overall economic recovery remains weak, requiring more action from Beijing to stimulate consumer demand and address imbalances in order to meet the 5% growth target for the year. Chinese stocks declined, with fixed-asset investment and consumption showing mixed signals. Despite the challenges, some analysts believe that major stimulus may not be immediately necessary.
Source: YAHOO