Shanghai Macro Strategist(@ShanghaiMacro):China August economic data: Retail sales (a nominal figure): 0.4% yoy YTD fixed asset investment (a real figure): -7.2%. Our domestic demand tracker has fallen to levels even below that during the Shanghai COVID-19 lockdown. “What is unsustainable will not be sustained.”

Shanghai Macro Strategist

@ShanghaiMacro

China strategist. Author of bi-weekly China Macro Watch. Mission: bridge the information gap between the East and the West. Contact: shanghaimacro@gmail.com

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Shanghai Macro Strategist@ShanghaiMacro

2026.09.15 02:46

China August economic data: Retail sales (a nominal figure): 0.4% yoy YTD fixed asset investment (a real figure): -7.2%. Our domestic demand tracker has fallen to levels even below that during the Shanghai COVID-19 lockdown. “What is unsustainable will not be sustained.”