China Consumers Are Saving Not Spending What That Means for 2026

China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets · May 22, 2026 · 7m · transcript

Episode 4 of China Economy with Fexingo looks at a striking shift: Chinese households are piling into bank deposits at the fastest clip in a decade, while retail sales growth stalls below 3 percent. Lucas and Luna dissect the drivers — a property market hangover, anxious job markets, and Beijing's uneven stimulus — and ask whether consumer sentiment can recover before the second half of 2026. They anchor the discussion in the latest data: the yuan edging toward 6.81, the trade surplus narrowing, and ETF flows into China ETFs like FXI and KWEB hitting multi-month lows. The episode also…