China data snapshot: Industrial and retail beats offset by record drop in home prices
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China's early 2026 economic data reveals strong industrial output, retail sales, and fixed-asset investment, with retail sales up 2.8% year-on-year and fixed-asset investment rising 1.8%. Industrial production grew by 6.3%. However, new home prices fell 3.2% year-on-year, and urban unemployment increased to 5.3%. The Shanghai Composite and Shenzhen Component experienced declines, while the offshore yuan stabilized at around 6.901 per USD amid geopolitical and trade considerations.
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