It's-a Me, Mario! Reporting on China's Economic Jump (and a Little Skid!)

Mamma Mia! Retail Sales Are a Booming!

It's a me Mario! Reporting live from… well not the Mushroom Kingdom but China! Seems like everyone's been saying 'Yahoo!' over there because retail sales jumped 6.4% in May! That's a faster than a Koopa Troopa with a star! They say it's thanks to some holidays – Labor Day and Dragon Boat they called 'em. Makes me think maybe we should have a 'Super Mushroom Day' back home. Wahoo! More mushrooms for everyone! The analysts were expecting much less so I think it's a time to do the Mario dance don't you think? But there is always a but…

Uh Oh! Industrial Output Takes a Slight a Tumble!

Not everything's super though. Industrial output grew but it was a bit slower than before – 5.8%. Like when I accidentally hit a block from underneath instead of jumping on top! Still good but not as 'WAHOO!' as the retail sales. Even the experts thought it would be a little higher like me jumping for a flagpole and missing. Not a great feeling let me tell you!

Fixed Assets: A Steady But Not a Speedy!

Fixed asset investments are like Luigi trying to keep up with me – steady but not speedy. They grew but not as fast as everyone wanted. Maybe they need a Super Star too! Instead of 4% growth they had 3.7% growth. Oh well sometimes you can't win every level! Still we have to move on to the next level that is!

Unemployment? Not a Problem!

Good news! The unemployment rate went down to 5.0%! That's a lower than Bowser's chances of ever catching the princess! Less unemployed people mean more people can afford to buy my games! It's a win win! Everyone say yahoo!

Tariffs and Exports: It's a Complicated!

Now things get a bit like navigating a tricky castle level. There's talk about tariffs and deals between China and America. It's all very 'blah blah blah' to me but it seems like they made a truce. But America says the tariffs are going to stay where they are. China's exports to America went down a lot but they are selling more to other countries. It's like when one path is blocked in a level I just find another one! Smart eh?

Deflation? Sounds like a Job for Dr. Mario!

There's also something called 'deflation,' which sounds like a villain Dr. Mario should be fighting! Prices are going down which can be good or bad. But don't worry Beijing is on the case! If exports stay strong they might not need to do much. It's like when I'm close to beating a level – I don't need to use a Super Star! The experts at Goldman Sachs think everything will be okay. So 'here we go!' to a brighter economic future everyone!