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Chinese economic data painted a gloomy picture - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Jane Foley, FX Strategist at Rabobank, suggests that Chinese economic data over the weekend painted a gloomy picture.

    Key Quotes

    “Industrial production rose a weaker than expected 5.4% y/y in February and retail sales climbed a slower than forecast 10.2% y/y.

    More vigour had been expected in the latter in particular as the February data incorporates the Lunar New Year holiday period. Some relief was provided by the 10.2% y/y rise in fixed asset investment. However, this was boosted by government spending and, bearing in mind the overcapacity in residential and factory infrastructure, this news may do more to raise debt than productive capacity.”
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