China's July Economic Slowdown Affects Trade and Remittance Expectations

China's economic slowdown may affect exchange rates and trade for Stockholm residents. China's July 2026 economic growth missed expected market forecasts.

Official figures came from China's National Bureau of Statistics. Industrial output grew by 4.5% year-on-year in July. This was lower than the 5.3% growth seen in June. Analysts had expected 4.8% growth for July.

Retail sales grew by only 0.6% in July. That was down from 1% growth in June. Market forecasts had predicted 1.5% retail growth.

Extreme weather like heatwaves and heavy rainfall disrupted supply and demand. Premier Li Qiang called for policy measures to support domestic demand. He also urged steps to boost international trade cooperation.

China's second-quarter economic growth was 4.3%. That was below the official annual target of 4.5% to 5%.

For Chinese residents in Stockholm, this economic shift matters. It impacts cross-border money transfers, travel plans, and trade with China. Expert Julian Evans-Pritchard from Capital Economics foresees modest growth recovery later. This news was reported by The Guardian using official Chinese data.