In July, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments firmly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while maintaining stability, fully and faithfully applied the new development philosophy on all fronts, accelerated efforts to foster a new pattern of development, intensified the role of macro policies in regulating the economy and focused on promoting high-quality development. As a result, the ... (full story)

China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record highs in recent months. Retail sales rose by 2.5% in July from a year ago, below expectations for a 4.5% increase, according to analysts polled by Reuters. Industrial production rose by 3.7% in July from a year ago, below the 4.4% increase analysts had expected. Fixed asset investment rose by 3.4% for the first seven months of the year from a year ago, below the 3.8% forecast by the Reuters poll. The urban unemployment rate ticked ... (full story)

According to the latest data published by the National Bureau of Statistics (NBS) on Tuesday, China’s July Retail Sales rose 2.5% YoY vs. 4.8% expected and 3.1% previous while the country’s Industrial Production came in at 3.7% YoY vs. 4.5% estimated and 4.4% prior. Meanwhile, the Fixed Asset Investment increased 3.4% YTD (Year-To-Date) YoY in July vs. market expectations of reprinting 3.8% figures. About China Retail Sales and Industrial Production: China’s National Bureau of Statistics (NBS) releases the Retail Sales and Industrial Production figures for a month after nearly two weeks from its end. Retail Sales ... (full story)