China's economy relies heavily on manufacturing and exports, but inflation and COVID restrictions have affected the status quo. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
China’s economy is losing momentum amid slowing external demand, after it grew 4.5% in the first quarter due to the end of COVID restrictions. Manufacturing activity fell deeper into contraction in May. Meanwhile, activity tied to services and construction fell sharply during the month. Exports fell in May, as consumers worldwide cut back on goods they want but don’t necessarily need.
