Tony Kelly, Senior Economist at NAB, notes that China’s industrial production eased in May, but remained within the range it has been in since early 2017. Key Quotes “Trends were mixed across the key industrial sectors.” “Fixed asset investment growth weakened further in May; on a three-month basis, the annual growth rate, in nominal terms, is at its lowest level since 1999.” “Government policies implemented to cool the residential property sector have impacted house price growth although there are tentative signs that house price growth for existing dwellings is stabilising. Growth in housing sales has also slowed significantly but so far construction activity has remained strong.” “Trade tensions between China and the United States remain a major source of concern. In particular, the risk of a escalating cycle of retaliatory measures has increased, with tariffs set to be raised in early July by both the US and China, and the US already flagging a further round of tariff increases (covering $200b worth of imports).” “China’s retail sales data softened noticeably in May both on a nominal and real basis.” “China’s new credit issuance declined by 15.5% yoy over the first five months of 2018.” “The People’s Bank of China (PoBC) is trying to manage a slowdown in credit growth while at the same time ensuring that the economy grows at an acceptable rate – the focus appears to be on ‘stability’.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZ GDP: Pausing at trend growth – TDS FX Street 5 years Tony Kelly, Senior Economist at NAB, notes that China's industrial production eased in May, but remained within the range it has been in since early 2017. Key Quotes "Trends were mixed across the key industrial sectors." "Fixed asset investment growth weakened further in May; on a three-month basis, the annual growth rate, in nominal terms, is at its lowest level since 1999." "Government policies implemented to cool the residential property sector have impacted house price growth although there are tentative signs that house price growth for existing dwellings is stabilising. Growth in housing sales has also slowed significantly but so… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.