🇨🇳 Hong Kong's retail streak has reached 11 months, and both the volume data and PBoC's timing suggest the underlying demand is softer than it looks Home Tags The day in view 🇨🇳 Hong Kong's retail streak has reached 11 months, and both the volume data and PBoC's timing suggest the underlying demand is softer than it looks Macro Soup Newsroom May 6, 2026 3 min read Share on X Share on Facebook Share on LinkedIn Share on Pinterest Email Copy link Hong Kong retail grew 12.8% year-on-year in March 2026, slowing from February's 19.3% as base effects faded. The PBoC followed with a 10bps repo rate cut to 1.4% and a 50bps RRR reduction, both taking effect in May. Read next Featured Post The day in view 📰 Daily Macro Roundup: 2026-07-13 Paid Post The day in view 🇨🇳 China's AI export boom masks a consumer economy that's still shrinking
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