China’s Spending Slowdown Deepens as Households Tighten Their Belts

New York Times Tuesday 16 June 2026, 04:19 UTC By Keith Bradsher 1 min read

Key Points

Retail sales dropped 0.6 percent in May from the same month a year earlier, the National Bureau of Statistics said on Tuesday.

China (LOCATION) the National Bureau of Statistics (ORG)

Originally published by New York Times Read original →

INGLEWOOD, Calif. -- Iran coach Amir Ghalenoei called his team perhaps the "most repressed team in the whole World Cup," after he said they have been forced to leave Los Angeles and return to their base camp in Tijuana, Mexico, immediately following their opening match. After perhaps the most strained buildup for any team in the long history of the World Cup, Iran finally took the pitch on Monday at SoFi Stadium, drawing 2-2 with New Zealand in their politically charged opener. But Ghalenoei...

ESPN 10m ago

Belarus’ Lukashenko tells Russia, Ukraine to make ‘compromises’ and end war

Belarus’ Lukashenko tells Russia, Ukraine to make ‘compromises’ and end war Lukashenko said it was clear that victory on the battlefield was unrealistic for both sides in the conflict, despite Russian advances Belarusian President Alexander Lukashenko, one of Kremlin leader Vladimir Putin’s closest allies, said in an interview published on Monday that Russia and Ukraine must compromise to end the war that has raged for more than four years with no end in sight. Lukashenko, whose ex-Soviet...

South China Morning Post 14m ago

Bank of Japan raises its key interest rate to a three-decade high

The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices.

Euronews 19m ago

Military stealth coating sold as cheap house paint? China might do it

Military stealth coating sold as cheap house paint? China might do it New microwave-absorbing material points to more affordable mass production, as reports of commercial ‘stealth paint’ spark debate Radar-absorbing materials have long been associated with stealth fighters, cruise missiles and other high-end military platforms for which performance often comes at a high cost. But in China, some stealth coatings could be moving into large-scale industrial production and driving prices down fast.

South China Morning Post 20m ago

China’s Spending Slowdown Deepens as Households Tighten Their Belts

Related Stories

'Repressed' Iran forced to leave U.S. after game

Belarus’ Lukashenko tells Russia, Ukraine to make ‘compromises’ and end war

Bank of Japan raises its key interest rate to a three-decade high

Military stealth coating sold as cheap house paint? China might do it