China's May factory output rises as spending falls.
Today's events
May data.
Industrial output accelerated to 4.5%, while retail sales fell 0.6% and fixed-asset investment dropped 4.1%, signaling weak domestic demand.1Jun 16 · Stats BureauXi hosts Myanmar.
Xi welcomed Myanmar's president on a state visit, pledging to advance the China-Myanmar Economic Corridor and jointly fight cross-border scam and drug networks.2Jun 16 · State CouncilOutbound investment rules.
The State Council issued a national regulation on outbound investment, effective July 1, requiring security review and barring overseas transfer of export-controlled technology.3Jun 15 · State CouncilUrban renewal plan.
The State Council released its five-year urban-renewal plan, pushing a “new model” for real estate and old-neighborhood upgrades as property investment keeps contracting.4Jun 13 · State CouncilIran war winds down.
Beijing welcomed a US-Iran first-phase agreement to halt fighting and reopen the Strait of Hormuz, crediting Pakistan's mediation and Xi's four-point peace plan.5Jun 15 · MFACredit data.
The central bank reported broad money supply grew 8.6% in May, but household borrowing shrank — a fresh sign of weak consumer demand.6Jun 12 · PBOCJapan warning.
The Defense Ministry called Japan's accelerating “remilitarization” a “powder keg” for the Asia-Pacific, citing its rising military budget and new long-range strike weapons.7Jun 16 · Defense Min.Cleaner coal power.
The energy administration touted a hydrogen-coal co-firing breakthrough reaching 100% hydrogen combustion, as coal plants pivot toward grid balancing and carbon capture.8Jun 12 · Energy Admin.Financial-sector graft.
Discipline inspectors expelled Xiao Xiaohua, former chairman of a Jiangxi state insurance and financial-holding group, from the Party for bribery and abuse of office.9Jun 15 · CCDI
Voices
“China upholds the principle of non-interference; our friendly policy is directed at all the people of Myanmar, and we firmly support Myanmar in safeguarding its sovereignty and territorial integrity.”
President Xi Jinping, talks with Myanmar's president · Jun 162
“Since the fighting broke out, China has worked tirelessly to stop the war and spared no effort for peace.”
MFA Spokesperson Lin Jian · Jun 155
“A Japan accelerating its ‘remilitarization’ is becoming a ‘powder keg’ for the Asia-Pacific.”
Defense Ministry Spokesman Chen Xi · Jun 167
“We counter the uncertainty of the external environment with the certainty of our own development.”
Zheng Shanjie, head of the economic-planning agency · Jun 1010
“The national economy continued its overall steady trend, shifting toward newer drivers and higher quality.”
National Bureau of Statistics, May economic readout · Jun 161
“As a leading Party cadre, he lost his ideals and convictions, betrayed his founding mission, was disloyal and dishonest to the Party, and resisted investigation.”
Central Commission for Discipline Inspection · Jun 159
Sources
- National Bureau of Statistics, “The National Economy Ran Steadily in May, Shifting Toward New and Better Growth,” June 16, 2026. stats.gov.cn/sj/zxfb/…/may-economy-readout
- State Council (Xinhua), “Xi Jinping Holds Talks with Myanmar President Min Aung Hlaing,” June 16, 2026. gov.cn/yaowen/…/xi-myanmar-talks
- State Council, “Regulation of the State Council on Outbound Investment” (Decree No. 837, effective July 1, 2026), published June 15, 2026. gov.cn/zhengce/…/outbound-investment-regulation
- State Council, “Notice on Issuing the Urban Renewal Plan for the 15th Five-Year Plan Period” (Guofa [2026] No. 12), June 13, 2026. gov.cn/zhengce/…/urban-renewal-plan
- Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Lin Jian's Regular Press Conference,” June 15, 2026. mfa.gov.cn/wjdt/fyrbt/…/lin-jian-jun-15
- People's Bank of China, “Financial Statistics Report, May 2026,” June 12, 2026. pbc.gov.cn/goutongjiaoliu/…/may-2026-financial-stats
- Ministry of National Defense, “A Japan Accelerating Remilitarization Is Becoming a Powder Keg for the Asia-Pacific,” June 16, 2026. mod.gov.cn/gfbw/xwfyr/…/japan-powder-keg
- National Energy Administration, “Coal-Power Firms Accelerate Green, Low-Carbon Transition,” June 12, 2026. nea.gov.cn/20260612/…/coal-power-transition
- Central Commission for Discipline Inspection, “Xiao Xiaohua, Former Chairman of Jiangxi Financial Holding Group / Hengbang Insurance, Expelled from the Party,” June 15, 2026. ccdi.gov.cn/yaowenn/…/xiao-xiaohua-expelled
- National Development and Reform Commission, “Director Zheng Shanjie Chairs Symposium of Economists on the Current Economic Situation,” June 10, 2026. ndrc.gov.cn/xwdt/xwfb/…/economic-situation-symposium