China April Slowdown Shows The Impact Of Economic Uncertainty
2025-05-20 05:10:00 ET
Summary
- Trade war uncertainty is denting Chinese confidence, resulting in slower economic activity in April.
- Retail sales and fixed-asset investment both underperformed forecasts amid heightened caution.
- Yet, the impact on manufacturing was less than feared.
By Lynn Song
Property market softened in April as trough remains elusive
China's 70-city property prices for April continued to slide overall, with new home prices down -0.12% month-on-month and existing home prices down -0.41% MoM, both seeing slightly steeper declines than the pace in March. Establishing a trough on a national level is taking some time, as the recovery of the property market remains uneven and gradual. It's possible that tariff-related pessimism and uncertainty kept more buyers on the sidelines in April....
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