If you look at the data out of China today, it looks like the same sort of stuff that has 'roiled' (seems to be an expression that is very much in fashion these days) markets in the past. I expect some fall-out as this data sinks in.
12.15pm Chinese economic data released today has undershot market expectations across the board, adding to concerns about the health of the world's second largest economy.
Industrial output increased by 4.8 per cent in the year to July, the slowest annual increase since February 2002. That was down from 6.3 per cent in the 12 months to July and well below the median economist forecast offered to Bloomberg of 6.0 per cent.
Retail sales also disappointed, growing 7.6 per cent over the year, below the 8.6 per cent level eyed by markets. Completing the trio of data misses, urban fixed asset investment grew 5.7 per cent in the six months to July, compared to the same period a year earlier, falling short of the 5.8 per cent level expected.
