unexpectedly cut key policy rates
Industrial output grew 3.7% from a year earlier, slowing from the 4.4% pace seen in June, data released by the National Bureau of Statistics showed on Tuesday. It was below expectations for a 4.4% increase in a Reuters poll of analysts. "All the main activity indicators undershot consensus expectations in July, with most either stagnant or barely expanding in month on month terms," said Julian Evans-Pritchard, economist at Capital Economics.likely to drag on the housing market in the near-term, he warned that the economy could slip into a recession unless policy support is ramped up soon.and the dollar held firm after the weak Chinese data and latest policy easing measures.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China may be piling into Chinese ETFs in state-run buying spreeChinese stock funds attracted $4.4 billion in 8 days, fueling speculation of a state-run buying-spree
Source: BusinessInsider - 🏆 729. / 51 Read more »