China stats spokesperson: Economic recovery foundation needs trengthening

China National Bureau of Statistics (NBS) spokesperson:

• Geneva discussions benefit trade relations between China, US

• China online sales promotions boosted retail sales in May

• China trade program boosts retail sales in May
• Many uncertainties in the international environment, foundation of economic recovery needs to be strengthened
• Policy toolkit is well-stocked, has the flexibility to adjust macro policies according to changing circumstances

Data is here:

• China Industrial Output May 2025 +5.8% y/y (expected 5.9%, prior +6.1%)

Retail slaes growth in May was the fastest since December 2023

This article was written by Eamonn Sheridan at www.forexlive.com.