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China economic focus July 2023: 5% GDP target at risk
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China’s sluggish recovery in Q2 puts the 5% growth target at risk. Weak domestic and external demand for goods is behind poor industrial production. Domestic consumption is weakened by high youth unemployment and households prioritising mortgage repayment. The politburo meeting in late July showed that the government would continue to issue supportive measures to secure the growth target. Boosting private confidence and household consumption are the priorities.
Table of contents
- Executive summary
- China’s sluggish recovery in the second quarter
- Depressed domestic demand for goods
- External demand deteriorates further
- The government’s supportive measures aim to secure growth targets
- Appendix
Tables and charts
This report includes the following images and tables:
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Retail sales of catering vs goodsYouth unemployment vs urban total unemploymentExport value growth by region
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Export value growth by productWood Mackenzie’s proprietary China dataManufacturing PMIIndustrial production and retail salesTradeInflationPropertyInvestmentMoney supply (M2)
- 1 more item(s)...
What's included
This report contains:
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