Chinese data provided yet more evidence that the country's economy is stabilizing and will avoid a hard landing, with industrial-production growth accelerating to 10.4% on year in August from 9.7% in July and beating consensus of 9.9%. August retail sales and year-to-date urban investment also grew strongly and topped forecasts. Following the data, Bank of America said it expects "an impressive recovery" in Q3.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment