Recent economic indicators from China cast doubt on the Communist Party's target growth rate of at least 5% annually, suggesting challenges lie ahead. Fiscal and monetary stimuli may be amplified in response, potentially exacerbating inflationary pressures. Despite efforts, China continues to grapple with deflation across several sectors. Here are the latest figures:

Chinese Retail Sales YoY Actual: 3.1% (Forecast: 4.8%, Previous: 5.5%) Chinese Industrial Output YoY Actual: 4.5% (Forecast: 6%, Previous: 7.0%) Chinese Unemployment Rate Actual: 5.2% (Forecast: 5.2%, Previous: 5.3%)