China’s economy expanded 5.2% year-on-year in the second quarter, exceeding analyst expectations due to robust export performance.
The People’s Bank of China’s liquidity injections demonstrated a 0.66 correlation coefficient with Bitcoin valuations over a 30-day period, suggesting capital flows into cryptocurrency markets may be linked to central bank actions.
Domestic consumption growth slowed to 4.8% year-over-year in June, down from 6.4% in May, highlighting persistent challenges in household spending confidence.
Property investment contracted 11.2% during the first half of the year, continuing to drag on economic momentum.
Beijing’s 300 billion yuan consumer stimulus package has yet to fully manifest its impact, potentially prompting further monetary easing measures to bolster the economy.