China Data to Show Contraction in May With Few Recovery Signs – Bloomberg

Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries.
Shoppers Are Facing Shortages of Beer to Popcorn This Summer
China’s Stock Rally Is Becoming a Lifeline for Asian Portfolios
Apple Store Workers in Maryland Become First in US to Unionize
Aerojet CEO’s Board Candidates Backed by ISS in Proxy Fight
Rogers, Shaw to Sell Mobile Unit to Quebecor for $2.2 Billion
Duterte’s Daughter Takes Oath Earlier in Show of Independence
UN Experts Warn of Islamic State Tie to Islamist Rebels in Congo
America’s Top 1% Lose $1.5 Trillion on Stocks Before Bear Market
Gold Billionaire to Moonlight as DJ at Sold-Out Cairo Club
Ledecky Reclaims 400 Title At Swimming Worlds, Eyeing More
Naomi Osaka Won’t Play at Wimbledon, Citing Achilles Tendon
Why Is the Cost of Rent Going Up? Ask the Fed
Extra Fees Are Adding Insult to Consumers’ Injury
Why Is It So Hard to Find a Decent Public Bathroom?
Adults Who Love Toys? The Toy Industry Loves Them, Too
ESPN’s NHL Deal Shows Broadcasters a New Way to Profit From Sports Rights
America’s Convention Center Kings Want You Wearing Lanyards Again
‘Banking While Black’ Is the Next Target for Civil Rights Lawyer
NYC Mayor Adams Allocates $6.7 Million Toward LGBTQ Social Services
A Quarter of All Abortion Clinics Would Close in US If Roe Is Overturned
Yellowstone National Park to Partly Reopen After Floods
ESG Funds Resist Worst of Downturn But Investors Are Spooked
The Museum Seeking to Unlock a War-Hit Nation’s Mineral Wealth
Rikers Jail Replacement Plan Pits Chinatown Against New York City
Without Commuters, US Transit Agencies Are Running Out of Options
DeFi Platform MakerDAO Pauses Some Aave-Related Lending Activity
Memories of Bitcoin-Beating Returns Keep Hex Holders Hanging On
Musk Signals ‘Maybe More Down the Road’ for Dogecoin After Merch
China’s tools to contain the latest virus outbreaks are proving less effective against more transmissible variants.
Source: Bloomberg
China’s economy is teetering on the brink of a contraction this quarter, with key data for May likely to show little improvement from the previous month as Covid restrictions, a housing slump and weak demand continue to hammer growth.
After April’s collapse in activity, data on Wednesday will likely show retail sales declined more than 7% in May from a year earlier, while industrial output dropped 0.9%, according to the median forecasts in a Bloomberg survey of economists. 


Share this post:

Leave a Reply