Major economic indicators has seen a significant rebound as business activities resumed after Covid cases eased in May. The Chinese central government has introduced a batch of policies to help the recovery since Shanghai's worst Covid lockdown in April. Meanwhile, the three major pressure factors Shrink demand, supply shock and weakened expectation will span through China's economic development this year, given the current geopolitical tension will complicate the situation. Indicators of unemployment and the property market are still far from optimistic turning points.
China's May industrial output value-added slightly gained 0.7% YoY from a negative rate in April. The manufacturing industry had a weaker growth of just 0.1% in May, as it took a longer path to resume due to its high dependence on the supply chain – which was severed impacted by