AGP Executive Report
Last update: 11 hours agoChina Consumption Watch: China’s retail sales fell 0.6% year-on-year in May, the first drop in more than three years, underscoring weak household demand even as exports and industrial output stay resilient. Property & Housing: New home prices in first-tier cities edged up slightly in May, but the broader property drag remains a key risk for consumption recovery. Industrial Momentum: China’s industrial output rose 4.5% in May, while fixed-asset investment fell 4.1% in the first five months, showing a split between manufacturing strength and slower spending. Energy Transition Deals: Dajin Heavy Industry and AD Ports Group signed an MoU to explore offshore wind supply chains and maritime logistics. Battery Sector: Eve Energy shares jumped after it forecast net profit more than doubling in the first half, as China’s power and energy storage battery sales surged. Regional Business Ties: Xi met Myanmar’s Min Aung Hlaing in Beijing as both sides push deeper trade and security cooperation. Macao Governance: China’s State Council appointed Ng Wai Han as Macao’s secretary for economy and finance. Market Signals: China’s “swing importer” oil role during the Iran conflict highlights supply-shock resilience.
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