ICYMI, China’s poor Q2 GDP data is here:
The economic growth data missed both q/q and y/y.
NBS spokesperson:
- 5% GDP growth in h1 ‘hard won’
- Businesses face
relatively big pressures and key sectors face many risks since this
year - China’s economy
remains key growth engine for the world economy - Q2 economic growth
affected by short-term factors such as extreme weather, flooding - China’s economy
medium- to long-term improving trend remains unchanged - China’s economy
faces increasing external uncertainties and many domestic
difficulties and challenges in h2 - Property market
still in process of adjustments
This article was written by Eamonn Sheridan at www.forexlive.com.
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