Tuesday, May 20

High-Level Voices: 
Data released by the National Bureau of Statistics shows that in April this year, the national industrial added value of enterprises above designated size grew by 6.1% year-on-year.

Overall Sentiment: 
The April data released by the Bureau of Statistics shows steady improvement. There are no visible signs of a trade war impact. Notably, the Bureau of Statistics finally acknowledged, albeit reluctantly, that overall low prices are putting pressure on business operations and affecting residents' employment and income growth. 
Second-hand housing prices in 70 major cities better reflect the trend, with both the number of cities experiencing price declines and the extent of the declines increasing. The market continues to decline mildly, prompting the Vice Chairman of the China Securities Regulatory Commission to state that the P/ E ratio of the CSI 300 is significantly lower than that of overseas markets, highlighting its allocation value.