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Wall Street Keeps Overestimating China's Macro Data
Market Depth
Why Wall Street Cannot Get This China Call Right
The official 6.3% came in 1 full percent below the 7.3% expectations. Retail sales and general consumer strength or weakness that was by and large but was behind this big overall miss. On the back of that we saw an immediate round of downward readjustments to Wall Street full year growth estimates for the year. But these people still maintain their overall view of being bullish right in the face of overwhelming evidence to the contrary.
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