A spokesman for China’s National Bureau of Statistics (NBS):
external environment is very severeuncertainties are risingsome firms having difficulties in operationsunemployment is higher due to graduation seasonwill expand domestic demandwill boost consumptionwill promote rebound in priceswill further stabilise the economywill stabilise employmentanti-involution measures have shown positive results on pricesproperty sector is still stabilising despite some volatility, efforts at destocking are continuing to show results
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Earlier:
China August Industrial Production +5.2% y/y, vs. expected 5.8%China house prices plunge even further in August, down 2.5% y/y (prior -2.8%)China – household savings rotating into equities amid active markets and policy tailwinds
The poor data is generating suggestions of more policy stimulus to come. That is an option of course, but what have seen in this cycle is pievemeal stimulus efforts onlys.
This article was written by Eamonn Sheridan at investinglive.com.