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26th Aug 2024 11:06China+Weekly Monitor

  • China's July retail sales bounce is misleading; it is simply a recovery from June's unexpected fall.
  • Consumption has been beset by socioeconomic factors: jobs, income, policies, social norms.
  • Demand-side policies will remain targeted; Western- style handouts to consumers are unlikely.

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Keywords for: 27 August 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence