A number of key data points for the Chinese economy were published overnight, which showed that the Chinese economy expanded 1.8% q/q and 6.7% y/y in Q2, about as expected by consensus.
Key Quotes
“This is a bit lower than the growth observed over recent quarters.”
“Retail sales grew 9.0% y/y in June’s slightly higher-than-consensus expectation, industrial production expanded 6.0% y/y in June, disappointing consensus, while fixed investments rose 6.0% y/y in June in line with the expectation.”
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