China Economic Activity and Policy Tracker July 24

Economics Research 24 July 2026 | 4:13PM HKT

China Economic Activity and Policy Tracker: July 24

In this note, we update four sets of high-frequency indicators that we track: 1) Chelsea Song | consumption and mobility; 2) production and investment; 3) other macro activity; Goldman Sachs (Asia) L.L.C. and 4) markets and policy. To track closely the impact of higher energy price supply shock on Chinese economic activity, we now publish our tracker on a weekly basis.

Exhibit 1: 30-city daily property transaction volume in the primary market ticked up over the last week and was around year-ago level

Source: Wind, Goldman Sachs Global Investment Research

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Goldman Sachs China Economic Activity and Policy Tracker

Exhibit 2: 16-city daily property transaction volume in the secondary market edged up over the last week and remained above year-ago level

Source: Wind, Goldman Sachs Global Investment Research

Exhibit 3: China’s passenger flights for domestic routes increased further over the last week

Source: Wind, Goldman Sachs Global Investment Research