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[SITUATION] · [QUIET]
19 clusters · 112 sources · 62 days · First seen · Last updated
Categories: BUSINESS · POLITICS
China economic slowdown 2026 – PMI, logistics, demand
Overview
Industrial profit growth kept slowing in 2026, with May’s YoY increase falling to 21.1% from 24.7% in April. High‑tech manufacturing continued to drive the modest expansion, keeping the official manufacturing PMI in expansion territory at 51.2 in June and a related survey reading of 50.3. The Logistics Industry Climate Index edged up to 50.6, with most sub‑indices in growth, especially for electronic equipment, machinery and energy‑saving appliances.
Consumer‑driven logistics remained fragile. Smartphone sales during the month‑long 618 festival dropped 13% YoY, confirming weak consumer sentiment. All major Chinese brands posted double‑digit declines except Huawei, which grew 19% and captured a 21% market share. Higher memory‑chip prices tied to AI‑infrastructure expansion squeezed margins for Honor (‑33%) and Xiaomi (‑24%). Apple’s shipments fell 9% YoY but the U.S. firm reclaimed the No. 2 spot through price cuts and subsidies. Analysts expect a double‑digit fall in total smartphone shipments for the year.
The finished‑goods index slipped to 47.7 and factory‑gate prices fell for the first time in six months, easing inflationary pressure. Bulk‑commodity prices remained elevated YoY despite a 1.7% MoM drop. Risks continue from transport bottlenecks, raw‑material cost spikes and Middle‑East supply‑chain strains, while the modest resurgence in high‑technology output offers limited offset to the broader demand weakness.
Timeline
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27 days ago
[BUSINESS] 9 sourcesChina smartphone sales slump 13% during 618 festival as memory costs curb discountsChina smartphone sales fell 13% YoY during the 618 festival as memory cost hikes limited discounts; Huawei grew 19% while Honor and Xiaomi slid sharply, and Apple slipped 9%.
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29 days ago
[BUSINESS] 9 sourcesChina's logistics sector expands in June 2026, index rises to 50.6%China's logistics activity index climbed to 50.6 in June 2026, up 0.3 points, with most sub‑indices expanding and steady demand from manufacturing and holiday consumer spending.
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about 1 month ago
[BUSINESS] 15 sourcesGlobal manufacturing expands in June 2026 as PMI surveys show growthJune 2026 PMI data show manufacturing and services growth in Japan, Canada, Ireland, Vietnam, UK, China, US and France, with easing price pressures but ongoing supply‑chain challenges.
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about 1 month ago
[BUSINESS] 2 sourcesChina PMI rises while Indonesia manufacturing PMI falls in JuneChina's June PMI rose above 50, indicating expansion, while Indonesia's manufacturing PMI fell to 46.9, signaling contraction and raising deindustrialisation concerns.
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about 1 month ago
[BUSINESS] 2 sourcesChina industrial earnings surge 18.8% as Nike reports falling Chinese salesChinese industrial profits jumped 18.8% in early 2026, while Nike posted $1.07 bn profit but saw Chinese sales fall 12% in Q4.
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about 1 month ago
[BUSINESS] 39 sourcesChina's June Manufacturing PMI Returns to Expansion at 50.3 %June 2026 China manufacturing PMI rose to 50.3 %, signaling renewed expansion driven by domestic stimulus, modest export recovery, and high‑tech growth, though price pressures and geopolitical risks remain.
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about 1 month ago
[BUSINESS] 17 sourcesChina’s industrial profits rise 21% in May but growth slows amid weak demandChina’s industrial profits rose 21.1% in May, driven by AI‑related upstream sectors, while downstream industries lagged and growth slowed; PMI is expected to edge to 50.1 in June, signalling marginal expansion.
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about 1 month ago
[BUSINESS] 4 sourcesChina's 618 Shopping Festival sales growth slows to 4%China's 618 festival posted GMV of 934 billion yuan (~$138 bn) but growth slowed to 4% from 15.2% last year, signaling weaker consumer enthusiasm.
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about 1 month ago
[BUSINESS] 5 sourcesChina's 618 shopping festival drives record sales for DJI and RayNeo AR glassesChina's 618 festival saw DJI dominate camera sales across categories and RayNeo lead AR glasses shipments, while DJI's Pocket 4 launch sparked a severe shortage and police action against scalpers.
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about 1 month ago
[BUSINESS] 2 sourcesChina registers 5% Q1 GDP growth as deflation persists and consumer demand stallsChina's Q1 GDP grew 5% amid ongoing deflation, weak consumer spending and a faltering real‑estate market, prompting renewed policy support.
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about 1 month ago
[BUSINESS] 2 sourcesChina's domestic demand slump deepens as retail sales turn negativeChina's push to boost domestic demand falters as retail sales turn negative and investment weakens, signaling deeper economic slowdown.
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about 2 months ago
[BUSINESS] 2 sourcesChina's May Retail Sales Turn Negative While Industrial Production RisesChina's May retail sales fell 0.6% YoY, turning negative for the first time in over three years, while industrial output rose 4.5%, underscoring a widening supply‑demand gap.
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about 2 months ago
[BUSINESS] 8 sourcesChina posts first retail‑sales decline in three years as industrial output acceleratesChina’s May 2026 retail sales fell 0.6 %—first decline since 2022—while industrial output rose 4.5 %, and fixed‑asset investment dropped 4.1 %, highlighting a split between strong production and weak domestic d
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about 2 months ago
[BUSINESS] 2 sourcesChina's Consumer Slump and Investment Restrictions Ripple Through Global EconomyWeak Chinese consumer spending and tighter outbound investment to the US are constraining global growth, pressuring supply chains, commodity demand and trade relations.
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2 months ago
[BUSINESS] 2 sourcesChina Q1 GDP rises 5% while deflation and weak consumer demand lingerChina's Q1 GDP grew 5% YoY, the first rise in five quarters, while deflation persists and a 24% import surge fails to lift weak consumer demand.
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3 months ago
[BUSINESS] 2 sourcesChina tackles desertification with lunar material as investment drops 8% in AprilChina uses lunar material to curb desertification while April data shows investment down 8% and retail sales at weakest since COVID.
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3 months ago
[BUSINESS] 2 sourcesChina's weak domestic demand drags growth as consumption and factory output slowChina's April data reveal record‑slow consumer and factory growth, while exports surge and fiscal support is favoured over rate cuts.
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3 months ago
[POLITICS] 2 sourcesChina's 15th Five-Year Plan Targets 4.5‑5% Growth and High‑Tech PushChina's 15th Five-Year Plan sets a 4.5‑5% growth target, pushes high‑tech sectors amid deflation, high youth unemployment and debt.
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3 months ago
[BUSINESS] 3 sourcesChina's Growth Slows as Weak Demand and Aging Population Take TollChina's growth is projected at ~5% in 2025‑26, slowed by weak demand, aging population, falling investment and export pressures.
Sources
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