Deutsche Bank analysts point out that China’s October economic data released was weaker across the board with industrial production coming in at +4.7% YoY (vs. +5.4% YoY expected), retail sales printing at +7.2% YoY (vs. 7.8% YoY) and the YtD fixed asset ex rural investment sliding to the lowest since at least Feb 1998 (where we have data so likely much longer) to +5.2% yoy (vs. +5.4% yoy). Key Quotes “The surveyed unemployment rate came in at 5.1% (vs. 5.2% previously). Following the release, China’s National Statistics Bureau spokeswoman Liu Aihua said that China’s overall economic momentum hasn’t changed while the challenges it faces shouldn’t be underestimated before adding that China faces rising cyclical issues and structural conflicts.” “The NBS also said downside growth pressure has continually intensified and the country should carry out policies to increase economic resilience and meet whole-year economic growth targets. Our strategists think the policy responses will be limited though as China has met their employment target for the year and are still seeing de-leveraging as a policy goal.” 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 Gold climbs to fresh weekly tops, above $1465 level FX Street 3 years Deutsche Bank analysts point out that China's October economic data released was weaker across the board with industrial production coming in at +4.7% YoY (vs. +5.4% YoY expected), retail sales printing at +7.2% YoY (vs. 7.8% YoY) and the YtD fixed asset ex rural investment sliding to the lowest since at least Feb 1998 (where we have data so likely much longer) to +5.2% yoy (vs. +5.4% yoy). Key Quotes "The surveyed unemployment rate came in at 5.1% (vs. 5.2% previously). Following the release, China's National Statistics Bureau spokeswoman Liu Aihua said that China's overall economic momentum hasn't changed while… 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.
