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    HSBC cuts China retail sales forecast by nearly half as property and jobs weigh on demand

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    Source: South China Morning Post
    Published: 2026-05-22 21:17 UTC+10:00
    Section: April
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Business, Asia, Economy & Finance, China, Financial Markets, Labour & Workers, Property & Housing, Business & Economy, Asia Pacific
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    Snippet:
    Consumption is facing renewed pressure as a weak labour market and diminishing returns from subsidies cloud outlook, the bank says
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