With China's Q2 GDP and retail sales figures missing consensus estimates for yet another round of data disappointment out of China, and the PBOC injecting a mere 3 billion yuan of liquidity to their 1-year MLF operation. Weston Nakamura looks at currency and commodity markets as weakness across China's economic landscape continues to be left unattended by policymakers' lack of stimulus measures.
Weston also discusses why Wall Street economists seem to be caught off-guard by China's economic data deterioration time and again, particularly in the first half of 2023.
--
Follow Market Depth On Spotify: https://spoti.fi/3mVTs9U
Follow Market Depth On Apple Podcasts: https://apple.co/40dA2vm
Follow Weston: https://twitter.com/acrossthespread
Follow Blockworks: https://twitter.com/Blockworks_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.