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China's Q2 GDP growth could pave way for more stimulus

From xm.com

GDP growth accompanied by industrial production, retail sales and urban investment readings will be out of China on Monday at 0200 GMT. Given the cloudy conditions on the trade front, the data are expected to reinforce speculation that extra stimulus may be needed to stabilize the economy in the coming months. The last time the Chinese economy picked up steam was in the first quarter of 2017 when expansion topped at 6.9% on a yearly basis. Since then, GDP growth has been on a downward trajectory and markets are currently waiting for another soft release in the April-June quarter, with forecasts standing at 6.2% y/y ... (full story)

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  • Category: Fundamental Analysis