China

China's RatingDog Services PMI rose to 54.4 in May, well above the 52.3 forecast and up sharply from 52.6 in April.
China’s manufacturing sector remained in expansion territory in May, although growth moderated from the previous month. The Caixin/RatingDog Manufacturing PMI came in at 51.8, beating market expectations of 51.4 but easing from April’s 52.2 reading.
China’s central bank left the one-year Loan Prime Rate unchanged at 3.00%, matching expectations and the previous level.
China’s Industrial Output Slows Sharply in April

China’s industrial production rose 4.1% year over year in April, well below expectations of 6.0% and down from the previous 5.7%, signaling a clear loss of momentum in factory activity.

Year-to-date industrial production increased 5.6% from a year earlier, also slowing from the previous 6.1%. The data suggests China’s manufacturing and industrial sectors faced weaker demand conditions in April, despite earlier signs of resilience.
China reported a major collapse in new bank lending for April.

New Loans: -10.0B yuan
Forecast: 320.0B yuan
Previous: 2.99T yuan

This is an extremely weak result and signals a sharp deterioration in credit demand and financing activity.
China’s inflation data showed rising price pressures in April, with both consumer and producer inflation coming in above expectations.

Producer prices (PPI) rose 2.8% year-over-year, significantly higher than the 1.7% forecast and accelerating from the previous 0.5% increase.

Consumer inflation (CPI) also accelerated, rising 1.2% year-over-year versus expectations of 0.9% and up from 1.0% previously.
China’s services sector showed modest expansion in April, according to the latest RatingDog Services PMI data. The index came in at 52.6, slightly above expectations of 52.0 and up from the previous reading of 52.1.
China’s April PMI data showed a mixed picture of economic activity.

The official manufacturing PMI came in at 50.3, slightly above expectations (50.1) but marginally lower than the previous reading (50.4), indicating continued but modest expansion in the industrial sector.

In contrast, the non-manufacturing PMI fell to 49.4, below both expectations (49.9) and the prior level (50.1), signaling a contraction in services and construction activity.
Chinese industrial profits rose 15.5% year-to-date in March, slightly higher than the previous 15.2% increase.

PwC China: China Economic Quarterly Q1 2026



(pwccn.com)
Video Thumbnail
05-11-26WS Investor
Video Thumbnail
05-11-26WS Investor
Video Thumbnail
05-08-26Global Finance News
Video Thumbnail
05-08-26Global Finance News
Video Thumbnail
04-30-26WS News