Series of Chinese Events Released, Mixed Results So Far

The National Bureau of Statistics of China has released a series of economic events from China. Let’s take a quick look:

  • Fixed Asset Investment – Slipped to 5.6% vs. 6.1% beforehand
    • Bearish impact on CNY & AUD.
  • Industrial Production y/y – Slid to 5.0% vs. 5.4% forecast
    • Bearish impact on CNY & AUD.
  • Retail Sales y/y – Surprised with a growth rate of 8.6% vs. 8% forecast and 7.2% beforehand.
    • Neutral to slightly bullish impact on CNY & AUD as worse than expected Fixed Asset Investment and Industrial Production may overshadow retail sales.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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