China’s 10-year government bond yield fell to around 1.75% on Monday, returning to its lowest level in nearly three weeks, despite a run of weaker-than-expected economic data. China’s housing market remained under strain, with new home prices across 70 major cities falling 3.5% yoy in April 2026, marking the steepest decline since May 2025. Fixed-asset investment also declined 1.6% annually in the January–April period, with the property sector continuing to be the main drag on overall investment activity. In the broader economy, industrial production moderated to 4.1% in April, marking the weakest growth since July 2023, as the Middle East conflict weighed on manufacturing and exports. Retail sales also slowed sharply, rising just 0.2% year-on-year, pointing to weak domestic consumption. On the labor front, China’s surveyed urban unemployment rate edged down to 5.2% in April from a more than one-year high of 5.4% in March, marking its lowest level since January.

Octalas AI

Profit

Everyone's racing to cut costs. We're racing to create profit.

Start Selling through Service

Start Trial

Free for 14 days · No credit card required