China’s retail sales rose by 2.7 per cent in July, well below an expected rise of 5.3 per cent and down from 3.1 per cent growth in June. Photo: Bloomberg
China’s retail sales rose by 2.7 per cent in July, well below an expected rise of 5.3 per cent and down from 3.1 per cent growth in June. Photo: Bloomberg

China’s interest rate cut signals ‘policy easing’ as July retail sales, industrial output fall short of estimates

  • Central bank moves to give China’s economy a shot in the arm with 10-basis-point cut to one-year medium-term lending facility for the first time since mid-January
  • Major data points for retail sales and fixed-asset investment saw growth in July, but the level was down from June and results failed to meet analysts’ expectations

China’s retail sales rose by 2.7 per cent in July, well below an expected rise of 5.3 per cent and down from 3.1 per cent growth in June. Photo: Bloomberg
China’s retail sales rose by 2.7 per cent in July, well below an expected rise of 5.3 per cent and down from 3.1 per cent growth in June. Photo: Bloomberg
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