July Retail Sales may return to growth – China Press

Citing top economists and analysts, the Chinese media outlets report that the country is likely to see the first annualized growth in retail sales since the coronavirus pandemic in July. Key quotes “China' July retail sales may record the first y/y growth since the pandemic at 2%, as online shopping data improved and cinemas reopened.” “Investment in infrastructure in the first seven months could come in at 1.5% y/y after the government sped up construction projects.” “The demand side is expected to stabilize with the resumption of work and production.”