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China’s Bumper Data Week Will Set Tone for Economic Stimulus

  • Economy probably expanded at the slowest pace since early 2020
  • PBOC expected to hold policy rates, but stimulus seen in 2H
China’s exports were a big driver of the economy’s recovery out of the 2020 pandemic, but that’s not the case this time around. 

China’s exports were a big driver of the economy’s recovery out of the 2020 pandemic, but that’s not the case this time around. 

Photographer: Qilai Shen/Bloomberg
Updated on

China will unveil a bumper set of economic indicators this week that will likely set the pace for monetary and fiscal stimulus for the rest of the year as Beijing chases down its ambitious growth target. 

Key data -- from gross domestic product and retail sales to fiscal revenue and bank borrowing -- will be closely watched to assess the damage of Covid lockdowns during April and May and the strength of the rebound since then as restrictions were eased. The figures will also give clues on the state of the property market, a major drag on growth this year.