New Delhi, June 20 -- China's domestic economy continues to show signs of weakness despite a strong export performance, with consumer spending, property activity and credit growth remaining under pressure, according to a recent Greed & Fear market strategy report by Jefferies.

The report noted that recent macroeconomic data from China shows "a continuing lack of any evidence of a pickup in domestic demand", highlighting persistent challenges in the world's second-largest economy.

Jefferies pointed out that China's retail sales declined by 0.6 per cent year-on-year in May, compared with a 0.2 per cent increase in April, marking the first annual decline since December 2022.

"On the face of it, the latest China macro data shows a continui...