China's retail slips 0.6% in May as exports surge 19.4%
Business
China's economy is hitting some bumps: people are spending less, with retail sales slipping 0.6% in May 2026, the first drop in over three years.
While local demand is cooling off and folks seem less confident about the future, China's exports are actually soaring, jumping 19.4% year-on-year last month.
China credit slows while semiconductors soar
Loans and private-sector credit growth have slowed way down compared with last year, and the housing market isn't helping.
Property sales dropped 14.1%.
Still, there's a bright spot: exports of semiconductor-related exports more than doubled, showing that while things feel tough inside China, its tech goods are making waves worldwide.