China's April Consumption Growth Hits Over 3-Year Low as Subsidy Effects Wane

AI Summary (NQ-processed)

China's retail sales growth in April hit its lowest point since 2023. Analysts attribute the slowdown to the diminishing impact of 'trade-in' subsidy policies, a struggling property market, and consumer caution regarding large purchases due to uncertainty about long-term income. This data highlights the structural issue of weak domestic demand in China's economy.