Chinese statistics bureau out with a statement 14 July
Making it an honest one now I hear you all say?
- new method includes contribution by healthcare, tourism, new economy
Reuters reporting but no further detail as yet. The last time it was revised was 2002 and it's not clear whether the latest GDP data ( due Monday) will be based on the new method.
Expectations are:
- QQ 1.7% vs 1.3% prev
- YY 6.8% vs 6.9% prev
Meanwhile EURUSD still toying with traders at 1.1415, EURGBP trying to make its mind up at 0.8811 and GBPUSD dipping to 1.2954.
USDJPY back up to 113.28 after 113.15 lows and USDCHF 0.9680 near session highs in a moment of general USD demand.
China to pander to those demanding more accurate data?
