Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
China’s July Data Deluge Disappoints As Retail Sales Fall Again
The Chinese economy continues to exhibit signs of stabilization, but activity data for July released on Friday was underwhelming.
China was "first in, first out" vis-à-vis the pandemic, which means that while other nations were busy tallying the scope of the deepest downturns in modern history, Beijing had the pleasure of reporting an expansion for the second quarter, albeit a meager one by the country's standards. In May, the Party abandoned its GDP target for the full year, a tacit admission
The Chinese are an incredibly patient people who do see what shape the rest of the world is in. Who is actually the most upset about the disappointing numbers?? The Chinese or everyone else??