China's July data was weak: retail sales grew only 0.6% year on year, fixed-asset investment fell 6.7% over seven months, and new bank lending dropped to a record low for the month. Beijing is expected to add stimulus in the second half. Singapore raised its 2026 GDP forecast to 4.5%–5.5% on AI-driven exports. For a Thai SME, the practical read is limited: weaker Chinese demand may ease competition for some imports and could reduce export orders tied to China. Thailand itself grew only 1.9% in Q2 2026, the lowest in ASEAN, so keep domestic demand assumptions cautious.