[hmm37]

You do realize that the Yuan losing 7% against the dollar meant that export numbers looked like it dropped by a similar percentage in May right? The reports are all using USD to show such a huge drop. In reality if the reports were to use RMB, exports only dropped .8% meaning they are exporting roughly as much as before in raw numbers.

Right now China isn't pouring money into industry because it frankly never needed it. With the opening, more money is now being pumped into reopening services in China, that's why when you look at the PMI for services it's much higher, because people are taking money out of industry (unless it's high tech oriented) and parking it in services. People aren't necessarily consuming more, but it doesn't mean they aren't using much more services than they previously were, and eating out more, etc. GDP doesn't only look at industrial output.

BTW. All the other numbers you cited in the other articles were also provided by the Chinese government.