Its been a bit of a disappointing set of data from China today:
- China July data: Retail sales +3.7% y/y (exp +4.6). Industrial prod +5.7% y/y (exp 5.9%)
- China July factory output, retail sales miss forecasts, highlight growth challenges
- China July China home prices show continued falls both m/m and y/y
Now this, China stats bureau spokesperson:
- China’s exports face some pressure due to external uncertainties, some firms face more difficulties
Given the tariffs its hardly surprising.
