China data. China’s industrial output for July grew by just 3.8 percent year-on-year, well below the 4.6 percent anticipated by markets. Retail sales reached 2.7 percent year-on-year instead of the expected 5 percent. The lower data is due to COVID-19 lockdowns and decreased demand from export markets such as Europe. Just before this data was […]
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Daily Memo: Chinese Output and Russian Trade
New data will disappoint the government in Beijing.
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