Key Highlights:
- Beijing is preparing fresh stimulus measures to support household spending.
- Retail sales growth slowed sharply to just 0.2% in April 2026.
- China aims to expand services, tourism, healthcare, and digital consumption.
- Policymakers may introduce further interest rate and reserve ratio cuts.
China is considering additional policy measures to strengthen domestic consumption as weak retail demand and slowing economic momentum raise pressure on policymakers.
Officials are focusing on boosting services spending, including tourism, healthcare, elderly care, and digital retail, to support broader economic recovery.
Recent economic data showed China’s retail sales rose only 0.2% in April 2026, far below market expectations. To stabilize growth, Beijing is expected to expand fiscal support through consumer subsidies, service-sector incentives, and easier monetary policies.
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