China’s Economy Struggles Domestically Amid Export Strength, Analysts Suggest

Despite its robust export performance, China is grappling with internal economic challenges, a Greed & Fear market strategy report by Jefferies reveals. The report points out persistent weaknesses in consumer spending, property activity, and credit growth, spelling tumultuous times ahead for the world’s second-largest economy. Signs of struggle were evident with a 0.6% year-on-year decline in retail sales, a stark contrast to the 0.2% increase in April, marking the first decrease since December 2022. Jefferies emphasized the absence of any signs of revival in domestic demand, citing the bleak retail figures. The analysis further delved into the consumer mindset, noting…