Jul. 15 at 10:11 PM
NBS: China’s economy expanded by +5.2% in 2Q25 vs est of +5.1%.
1Q25 was +5.4%.
In 2Q25, China was able to increase exports to Southeast Asia by +13% & exports to the EU by +6.6%
China's total merchandise trade rose +2.9% y/y to
$3.04T in 1H25
Retail sales of consumer goods up +5% y/y to CNY24.54T in 1H25 & fixed-asset investment up by +2.8%. Unemployment rate avg'd 5.2% [down -10bps q/q]
In 1H25, urban unemployment rate avg'd 5.2% [down -10bps q/q]
Latest Reuters poll projected China GDP growth to slow to +4.5% in 3Q25 & +4.0% in 4Q25
Weak domestic demand & rising global trade risks will ramp up pressure on Beijing to roll out more stimulus
Note: Upcoming Politburo meeting in late July
Note:
$ASHR tends to respond more quickly to Chinese policy decisions than more internationally exposed ETFs, such as
$FXI $MCHI or
$KWEB