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CHINA: Data Likely to Show Continued Softening in the China Economy.

CHINA
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  • Over the weekend will see the release of some prominent data in China, yet the second tier may be of equal interest.
  • Tomorrow sees the release of Industrial Production and following July’s increase of 5.1%, surveys suggest a decline to 4.7% marking the fourth successive month of declines.
  • Of key interest in the data will be weather related disruption caused throughout August that impacted construction.  This has the potential to be one a off event that potentially the market will look beyond.
  • A further key release will be the Retail Sales data.
  • The Chinese consumer data has been on an ongoing weakening trend given the multiyear housing slump that has impacted all parts of the economy.
  • Retail sales survey suggest tomorrow could see a modest decline from 2.7% in July, to 2.5% for August.
  • Typically, a second tier data release, New Home price data is also released.  Prices are typically tightly controlled by government and with suggestions that some regions have been given some autonomy in determining prices for unsold new homes, the question is when we start to see this turning up in the data. 
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  • Over the weekend will see the release of some prominent data in China, yet the second tier may be of equal interest.
  • Tomorrow sees the release of Industrial Production and following July’s increase of 5.1%, surveys suggest a decline to 4.7% marking the fourth successive month of declines.
  • Of key interest in the data will be weather related disruption caused throughout August that impacted construction.  This has the potential to be one a off event that potentially the market will look beyond.
  • A further key release will be the Retail Sales data.
  • The Chinese consumer data has been on an ongoing weakening trend given the multiyear housing slump that has impacted all parts of the economy.
  • Retail sales survey suggest tomorrow could see a modest decline from 2.7% in July, to 2.5% for August.
  • Typically, a second tier data release, New Home price data is also released.  Prices are typically tightly controlled by government and with suggestions that some regions have been given some autonomy in determining prices for unsold new homes, the question is when we start to see this turning up in the data.