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Edward Dowd: China economy shows further weakness in May as retail sales decline

Edward Dowd: China economy shows further weakness in May as retail sales decline
China retail sales see rare decline

Edward Dowd, founding partner at OceanSquare Asset Mgmt and ex-BlackRock exec, highlights continued weakness in the China economy in May as retail sales recorded their first drop in over three years.

This marks a notable shift in consumer activity within China, with the decline sparking concern about the broader economic outlook.

Dowd has previously flagged transparency concerns in tech funding, noting AI company Anthropic's reluctance to share financial data with potential lenders. He has also observed that subsidies sped up AI model adoption for IPO filings but that customer demand for these models may now be slowing. These observations come as Dowd continues to monitor shifting trends in global markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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