Macro Trends Data Point to Gradual Slowdown in China’s Domestic Economy A combination of tighter credit restrictions, the impacts of the trade dispute with the United States, increased environmental regulations and a slowing real estate market is weighing on consumer spending and industrial investment. China’s consumer confidence index, which has a range of 0 (for extreme pessimism) to 200 (for extreme optimism), dropped from 122.9 in May to 118.20 in June. That is its lowest level since reaching 114.7 in August 2017. Retail sales, a similar measure that captures the outcome of consumer enthusiasm, saw its month-on-month increase decline to 0.67 percent in July from 0.74 percent in June after climbing just 0.32 percent in May...