China's government data released by the National Bureau of Statistics revealed a 4% increase in fixed-asset investment during the first five months of 2024, a slight drop from the January-April period. Property investment in the country dropped by 10.1%, with new home sales also experiencing a significant decline. To combat this, Beijing announced measures to support the struggling property sector, but experts warn that these efforts may not fully address the underlying issues. Despite retail sales showing growth in May, weak car sales suggest lingering challenges in consumption. Industrial output increased by 5.6%, although concerns remain about sustaining this growth. Analysts predict a 4.8% GDP growth for China in 2024, highlighting the need for further policy interventions to address ongoing economic challenges.