Market sources say India is willing to let the fiscal deficit widen to 4.8% of GDP.

Cui Dongshu, secretary‑general of the CPCA, said in a May 2026 segment analysis that China’s macro growth remains robust and national auto demand is strong, supported by state consumption‑promotion policies. He flagged a clear recovery in trucks and buses that qualify for high subsidies. The commercial‑vehicle market is showing structural growth driven by equipment‑renewal subsidies; newly implemented high subsidies for commercial vehicles are accelerating electrification in logistics and transport and keeping commercial‑vehicle sentiment elevated.

Hong Kong-listed gold stocks strengthened. Lingbao Gold (03330.HK) gained over 7%; peers Zhaojin Mining (01818.HK), Chifeng Gold (06693.HK), Tongguan Gold (00340.HK), China Gold International (02099.HK), Zijin Mining (02899.HK) and Zijin Gold International (02259.HK) also advanced.