Shoppers are reflected on the window panels of a fashion boutique at a popular shopping mall in Beijing. Despite economic headwinds, China’s retail sales jumped up 9.8 per cent in June, their best performance in more than a year. Photo: APShoppers are reflected on the window panels of a fashion boutique at a popular shopping mall in Beijing. Despite economic headwinds, China’s retail sales jumped up 9.8 per cent in June, their best performance in more than a year. Photo: AP
Shoppers are reflected on the window panels of a fashion boutique at a popular shopping mall in Beijing. Despite economic headwinds, China’s retail sales jumped up 9.8 per cent in June, their best performance in more than a year. Photo: AP
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Do China’s rising retail sales point to an economic upturn in the second half of 2019? Not so fast

  • There have been some ‘green shoots’, but Beijing remains hesitant to amp up stimulus while deleveraging continues
  • That leaves it to domestic demand, which has yet to show signs of being strong enough to spur recovery

Shoppers are reflected on the window panels of a fashion boutique at a popular shopping mall in Beijing. Despite economic headwinds, China’s retail sales jumped up 9.8 per cent in June, their best performance in more than a year. Photo: APShoppers are reflected on the window panels of a fashion boutique at a popular shopping mall in Beijing. Despite economic headwinds, China’s retail sales jumped up 9.8 per cent in June, their best performance in more than a year. Photo: AP
Shoppers are reflected on the window panels of a fashion boutique at a popular shopping mall in Beijing. Despite economic headwinds, China’s retail sales jumped up 9.8 per cent in June, their best performance in more than a year. Photo: AP
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