China’s Key October Data Is Good Enough. PBOC Moves To Quell Liquidity Concerns

China’s Key October Data Is Good Enough. PBOC Moves To Quell Liquidity Concerns

China's economic recovery remained largely on track in October, activity data out Monday suggested. Retail sales in the world's second largest economy grew 4.3% YoY in October. That was less than the 5% consensus was looking for, but nevertheless marks a third consecutive monthly rise.  Domestic demand, it would appear, is firming. Industrial output rose 6.9% YoY last month. That was better than expected. Cumulative fixed asset investment rose 1.8%. The surveyed jobless rate ticked lower t
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