ICYMI, China’s poor Q2 GDP data is here:
China June Industrial output +5.3% y/y (expected +5.0%) Retail sales +2.0% (3.3%% exp)
The economic growth data missed both q/q and y/y.
NBS spokesperson:
5% GDP growth in h1 ‘hard won’Businesses face
relatively big pressures and key sectors face many risks since this
yearChina’s economy
remains key growth engine for the world economyQ2 economic growth
affected by short-term factors such as extreme weather, floodingChina’s economy
medium- to long-term improving trend remains unchangedChina’s economy
faces increasing external uncertainties and many domestic
difficulties and challenges in h2Property market
still in process of adjustments
This article was written by Eamonn Sheridan at www.forexlive.com.
