China's economic pulse appears to be steadying, with June retail sales and industrial production as well as second-quarter gross domestic product (GDP) all beating forecasts. GDP grew 7.0 percent on-year in the second quarter, beating a Reuters poll forecast for 6.9 percent. Industrial output for June rose 6.8 percent on-year, beating a Reuters poll forecast for 6.0 percent, while last month's retail sales climbed 10.6 percent, ahead of the Reuters poll forecast for 10.2 percent. China's economic data have been a mixed bag recently. In data released last month, China's official manufacturing PMI stood at 50.2 in ... (full story)