China Reports Retail Sales, Factory Output

The video discusses the Chinese economy's peak in the first quarter, followed by a slowdown in economic activity. Despite a forecasted growth rate of 6.2%, which is lower than market expectations, it remains above the 2016 average. Factors like tighter financing, PPI inflation, and sluggish car sales impact growth. Risks such as inventory cycles and property tightening are highlighted, along with the effects of financial deleveraging on the economy, particularly in the service sector.

What are the potential risks for the economy in the latter part of the year?

How does financial deleveraging impact the service sector?