China Surveyed Jobless Rate Apr: 5.2% (est 5.3%; prev 5.4%)
(@FirstSquaw)

China Fixed Assets Ex Rural YTD (Y/Y) Apr: -1.6% (est 1.7%; prev 1.7%)
(@FirstSquaw)

China Property Investment YTD (Y/Y): -13.7% (est –11.5%; prev –11.2%)
(@FirstSquaw)

China Residential Property Sales YTD (Y/Y): -15.7% (prev –18.5)
(@FirstSquaw)

Nikkei says Nidec Corp will wind down its EV motor joint venture with Guangzhou Automobile Group.
(@FirstSquaw)

Nikkei reports Nidec Corp’s president Kishida said the company expects to end its EV motor partnership with Stellantis.
(@FirstSquaw)

The Indonesian rupiah weakens to an all-time low of 17,650 against the dollar at the open.
(@FirstSquaw)

The NBS spokesperson states that China’s economic stability remains fragile and requires further consolidation.
(@FirstSquaw)

The NBS says China should adopt more proactive fiscal measures alongside moderately accommodative monetary policy.
(@FirstSquaw)

China’s statistics bureau spokesperson describes the international environment as “grim” and “complicated” as of April.
(@FirstSquaw)

China’s statistics bureau spokesperson warns that global recovery momentum is facing stronger headwinds.
(@FirstSquaw)

Malaysia’s currency declines 0.71%, with the ringgit at 3.9750 per dollar.
(@FirstSquaw)

China’s statistics bureau spokesperson notes fast development in AI and high-tech sectors.
(@FirstSquaw)

Indonesia’s currency drops further, with the rupiah down 1.1% at a record low of 17,655 per USD.
(@FirstSquaw)

Qatar fixes June crude OSPs at a premium of $10.50/bbl for marine grades and $11/bbl for land grades over Oman/Dubai.
(@FirstSquaw)

White House touts deals on soybeans and rare earths after Trump-Xi summit, while China talks up tariff cuts-CNBC
(@FirstSquaw)

China’s statistics bureau says the economy is facing external challenges, but internal fundamentals are steady.
(@FirstSquaw)

China’s statistics bureau states that the economy’s stable nature remains unchanged as a key feature.
(@FirstSquaw)

China’s statistics bureau states that the economy now has a stronger material and tech foundation.
(@FirstSquaw)

China’s statistics bureau states that AI and the digital economy are powering economic activity and influencing wider sectors.
(@FirstSquaw)

China’s statistics bureau says policymakers still have room to use counter- and cross-cyclical tools.
(@FirstSquaw)