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  • China: National Economy was Generally Stable with Steady Progress in the First Half Year

    From stats.gov.cn

    In the first half year, 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 strictly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while ensuring stability, promoting stability through progress and establishing the new before abolishing the old, and effectively implemented the macro policies and regulations. As a result, the national economy was generally stable with steady progress, featuring steady increase ... (full story)

Added at 10:05pm

  • China reports slight beat in July retail sales, but industrial data disappoint

    From cnbc.com

    China’s retail sales grew more than expected in July, while industrial production missed forecasts, the National Bureau of Statistics said Thursday. Retail sales rose by 2.7% in July from a year ago, beating forecasts of 2.6% growth according to a Reuters poll. Industrial production rose by 5.1%, below the poll’s forecast of 5.2%. Fixed asset investment for the first seven months of the year rose by 3.6%, below the 3.9% growth analysts had predicted. Within fixed asset investment, the drag from real estate worsened, down by 10.2% on a year-to-date basis as of July, versus a drop of 10.1% as of June. The ... (full story)

Added at 10:12pm

  • China July data: Retail sales +2.7% y/y (expected +2.6). Industrial production +5.1% y/y

    From forexlive.com

    The beat for retail sales is going to be read as slightly better news on household consumption / demand. The other two headline data points are both misses though. Industrial output has dribbled lower compared to the previous month for the third consecutive month. table A spokesperson for China's National Bureau of Statistics (NBS) says China's economy was generally stable in the month • Noted the increasing negative impact from China's external environment.

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