China Data: Weak Performance in July and into 2025

Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

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Macroeconomics

<ul>
<li>China consumption patterns are divergent; slowing and becoming more volatile at a sub sector level.</li>
<li>Less certainty over new employment and wage growth, plus wealth worries over housing are some of the causes.  </li>
<li>We forecast GDP to slow in H2 and be 4.0% in 2025.</li>
</ul>


China consumption patterns are divergent; slowing and becoming more volatile at a sub sector level.
Less certainty over new employment and wage growth, plus wealth worries over housing are some of the causes.  
We forecast GDP to slow in H2 and be 4.0% in 2025.


China's Volatile Consumption Sector