China gets boost in retail sales as export goods stay home, while tariffs hit factory output

China gets boost in retail sales as export goods stay home, while tariffs hit factory output https://www.taxtmi.com/news?id=46681 Higher import tariffs have slowed manufacturing growth and caused a sharp year on year fall in exports to a major trading partner, even as aggregate exports rose modestly. Domestic retail sales rose due to an online shopping festival and government trade in subsidies that redirected stranded goods into the home market, but deflation, a housing market slump, and weak fixed asset investment continue to weigh on sustainable consumption and economic recovery. en-us Mon, 16 Jun 2025 13:16:02 +0530 Mon, 16 Jun 2025 13:16:02 +0530 TaxTMI RSS Generator China gets boost in retail sales as export goods stay home, while tariffs hit factory output https://www.taxtmi.com/news?id=46681 Higher import tariffs have slowed manufacturing growth and caused a sharp year on year fall in exports to a major trading partner, even as aggregate exports rose modestly. Domestic retail sales rose due to an online shopping festival and government trade in subsidies that redirected stranded goods into the home market, but deflation, a housing market slump, and weak fixed asset investment continue to weigh on sustainable consumption and economic recovery. News - Mon, 16 Jun 2025 13:16:02 +0530 https://www.taxtmi.com/news?id=46681