It started Friday when China's central bank reported more than just new record low credit stats, the deterioration over the past few months has been astounding. That obviously spread to the Chinese economy which the government confirmed today with ugly data across-the-board, big miss in GDP and grim numbers on retail sales. Yet, everyone wants more "stimulus" that all this data proves didn't stimulate a thing. Something to keep in mind when thinking about upcoming Fed rate cuts.
Eurodollar University's Money & Macro Analysis
CNN How ready is China’s military? Dramatic downfall of two defense ministers raises questions
https://www.cnn.com/2024/07/01/china/china-defense-ministers-downfall-analysis-intl-hnk/index.html
FxStreet China: GDP miss calls for faster fiscal spending – Standard Chartered
https://www.fxstreet.com/news/china-gdp-miss-calls-for-faster-fiscal-spending-standard-chartered-202407151119
FT China plays down hopes for ‘strong medicine’ at top economic policy meeting
https://www.ft.com/content/6f4079ea-e8fe-46c8-84b3-75aff56b7011
Reuters China June new bank loans miss forecasts, some money gauges hit record lows
https://www.reuters.com/business/finance/china-june-new-bank-loans-miss-forecasts-some-money-gauges-hit-record-lows-2024-07-12/
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