Hopes are up, again, for stimulus from China after the most recent data, which continues the theme of e=unevenn recovery:
- China July data: Retail sales +2.7% y/y (expected +2.6). Industrial production +5.1% y/y
National Bureau of Statistics (NBS) with remarks:
- Economic recovery trend needs to be consolidated
- Expects recovery in consumption to consolidate as policies gain traction
- Falls in Producer Prices Index are likely to narrow in coming months
This article was written by Eamonn Sheridan at www.forexlive.com.
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