🇨🇳 China’s economy: stable for now, but pressure is building
While global markets focus on the US, China’s economy is quietly holding up. Q2 GDP came in at 5.2% — slightly slower than Q1, but still above expectations.
No sign of collapse, but growth is getting harder to sustain.
Key points:
🔊Export demand is fading as US/EU orders slow
🔊Domestic consumption remains weak
🔊Inflation is near zero, PPI deeply negative
🔊No major stimulus announced yet
🔊CSI 300 under pressure from rising geopolitical risks
Meanwhile, Hong Kong tech stocks are showing strength — Tencent, Alibaba, and DeepSeek are all climbing, partly insulated from mainland concerns.
China avoided a hard landing — but without stimulus or a consumer rebound, the second half could be much tougher.