Chinese Stocks and Yuan Drop Amid Dismal Economic Data

Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID

Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID China’s consumer spending and investment slumped in May to levels unseen since the pandemic, exposing risks for an increasingly two-speed economy, as Bloomberg's Chang Shu and Eric Zhu noted: "The supply side remains robust, driven by faster-than-expected expansion in exports and AI tech sectors. The demand side has faltered, with consumption and private non-tech investment plummeting." Here's t...

By Tyler Durden